Borrower requested a $100,000 loan to purchase a single-family property in Avon Park, Florida. The property features 3 beds and 2 baths at 1,539 sq/ft. The borrower plans to sell the property upon completion of the renovation to exit the loan.
Collateral:
Type: New Construction
Description:
Borrower requested a $165,000 new construction refinance for a single-family home located in Lake Wales, FL. The property is designed as a three-bedroom, two-bathroom home with a two-car garage, totaling 1,333 square feet. The borrower’s exit strategy is to refinance into a DSCR loan once the property reaches certificate of occupancy.
- Loan Amount: $165,000
- Date: May 2025