The borrower requested a $124,000 loan to purchase a single-family property in Panama City, Florida. The property features 3 beds and 2 baths at 1,150 sq/ft on a 0.29 acre lot. The borrower plans to list the property for sale after the renovation and sell it as an exit to the loan.
Collateral:
Type: New Construction
Description:
Borrower requested a $110,000 loan to complete construction of a single-family property in Lehigh, Florida. The property features 4 bedrooms and 3 bathrooms, 2,152 square feet of living space, and a 2-car garage on a 0.25-acre lot. Borrower plans to lease the property for an annual rental after the renovation and refinance as an exit to the loan.
- Loan Amount: $110,000
- Date: July, 2026
