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:
Borrower is requesting a $325,000 loan secured by a single-family property in Tampa, Florida. The property features 9 bedrooms, 5 bathrooms, 4,010 heated square feet, and sits on a 16,496-square-foot lot while being rented for $9,000 per month. The borrower plans to refinance the loan as exit strategy.
- Loan Amount: $325,000
- Date: September 2026
