Borrower requested a $150,000 loan, to purchase a $287,500 fix and flip, single family property in Seminole, FL. The borrower is planning a $40,000 remodel which will include a new HVAC system, an addition of a 3rd bedroom, and a complete cosmetic update of the home.
Collateral:
Type: New Construction
Description:
This is a $120,000 new construction loan request secured by a single-family home located in Spring Hill, Florida. The property is being built as a 4-bedroom, 2-bathroom residence with a 2-car garage, totaling 2,123 square feet. The home is fully dried in, with interior drywall and texture finished, bathroom tile installed, and all exterior work complete except for landscaping and the driveway. The planned exit strategy is to sell the property upon completion.
- Loan Amount: $120,000
- Date: September 2025
