Borrower requested a $150,000 fix and flip loan to purchase a single family property in Lynn Haven, Florida. Borrower purchased the property for $200,000 and intends to complete a $30,000 remodel with their own capital before selling for a profit. Renovations are primarily cosmetic, completing drywall, updating bathrooms, kitchen, flooring, paint and finishes. Property features 3 beds, 2 baths at 1646 sq/ft and has an estimated ARV between $325k-$350k.
Collateral:
Type: Refinance
Description:
The borrower is requesting a $125,000 first-lien refinance secured by a vacant lakefront parcel located on Lakeside Dr.,Lutz, FL. The collateral consists of a 0.42-acre irregular-shaped unimproved lot with approximately 80 linear feet of direct frontage on a private ski lake. The borrower’s exit strategy is an o sale of the subject parcel.
- Loan Amount: $125,000
- Date: September 2026
