Borrower requested a $115,500 loan to purchase a single family property in Brandon, Florida. The property is being purchased for $165,000 with the intent of completing a $43,000 remodel before selling the home for a profit. Improvements include a new HVAC system, and a complete cosmetic upgrade.
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
