Borrower requested a $324,000 loan, to purchase and renovate a single family home in Lutz, Florida. The property was purchased for $464,000 and the borrower is completing an estimated $250,000 extensive remodel including an addition with their own cash. The Borrower is a 40 year + General Contractor in New York, Nevada and Florida, and also designs plans himself. Borrower will exit the loan with a bank refinance upon completion of construction.
Collateral:
Type: Fix and Flip
Description:
This is a $1,505,000 loan request to purchase a stabilized commercial office property located in Tampa, Florida. The collateral consists of a fully occupied, single-story office building containing 10 individual suites and approximately 5,788 square feet of heated space situated on a 14,792-square-foot (0.34-acre) corner lot. The primary exit strategy is to sell a property.
- Loan Amount: $1,505,000
- Date: June 2026
