Borrower requested a fix and lease loan for a condo in St. Petersburg Fl. The property features 2 beds and 2 baths at 1,350 sq/ft. Borrower plans to complete a cosmetic renovation and refinance as an exit to the loan.
Collateral:
Type: Fix and Flip
Description:
This is a $305,000 acquisition (land) loan secured by a tear-down single- family property located in Clearwater Beach, Florida. The subject property sits on a 0.16-acre lot (7,083 square feet) in a flood zone. The primary exit strategy for this loan is to build and sell a new construciton property.
- Loan Amount: $305,000
- Date: January 2026
