Borrower requested a $91,000 fix and flip loan to purchase a $130,000 single family property in Panama City, Florida. Borrower intends to complete a $35,000 remodel with their own capital before aiming to sell for a profit. Renovations are primarily cosmetic, there was a permitted roof repair from the hurricane in 2019. The borrower is a licensed real estate broker, and has completed multiple recent projects within Panama City.
Collateral:
Type: Refinance
Description:
This is a $60,000 refinance loan request secured by a free-and-clear single-family home located in Lehigh Acres, Florida. The subject property is a 3-bedroom, 1-bathroom residence offering 920 square feet of living space. The primary exit strategy for the loan is repayment through cash flow from business and secondary option is to refinance into a DSCR loan if additional time is needed.
- Loan Amount: $60,000
- Date: October 2025
