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 $150,000 new construction loan request for a single-family residence in Port Charlotte, FL. The home will offer three bedrooms, two bathrooms, 1,342 square feet of living space, and a one-car garage upon completion. The borrower exit strategy for this loan is to refinance upon completion.
- Loan Amount: $150,000
- Date: April 2025