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: 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
