Borrower requested a $250,000 loan to refinance a new construction project of a duplex residence in Kissimmee, Florida. Each unit will feature 3 beds and 2 baths at 1,505 sq/ft each. The borrower plans to lease each unit upon completion and refinance as an exit to the loan.
Collateral:
Type: Refinance
Description:
Borrower requested a $85,000 loan to refinance a single-family fix and flip property in Sanford, Florida. The property will feature 3 bedrooms, 2 bathrooms, and 1,242 square feet of living space upon completion. The home sits on a desirable double lot totaling 0.48 acres and overlooks a pond. The borrower plans to list the property for sale after the renovation as an exit to the loan.
- Loan Amount: $85000
- Date: January 2025