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
Collateral:
Type: New Construction
Description:
Borrower requested a $425,000 loan to begin construction on a single-family property in Lakeland, Florida. The property will feature 4 beds and 3 baths at 3,727 sq/ft. The target sale price for the completed property is estimated $1.1 million.
- Loan Amount: $425,000
- Date: September 2024