The borrower has requested a $305,000 loan to refinance a single-family property located in St. Petersburg, Florida. The property consists of 4 bedrooms and 2 bathrooms, totaling 1,635 square feet. It recently underwent a complete interior remodel. The borrower intends to refinance the property as an exit strategy for the loan.
Collateral:
Type: Fix & Flip
Description:
The borrower requested a $130,000 fix-and-flip loan secured by a single-family home in Pensacola, FL. The property currently features 3 bedrooms, 2 bathrooms, and 1,328 square feet of living space on a 1-acre lot. The borrower is also collateralizing a separate, free-and-clear single-family home. This property, built in 1992, sits on 0.42 acres and includes 3 bedrooms, 2 bathrooms, and 1,431 square feet of living space. The borrower’s exit strategy is to sell the property.
- Loan Amount: $130,000
- Date: May 2026
