Borrower secured a $1,200,000 loan to refinance a commercial plaza with 7 units located in Valrico, FL. Borrower plans to continue cash-flowing the properties and will sell other real estate assets owned as an exit to the loan.
Collateral:
Type: Fix and Flip
Description:
Borrower requested a $127,000 loan to purchase a single-family property in Panama City, Florida. The property features 3 beds and 3 baths at 1,806 sq/ft. The borrower plans to list the property for sale after the renovation and sell it as an exit to the loan
- Loan Amount: $127,000
- Date: August 2024