Borrower requested a $56,000 loan to purchase an $80,000, 3 bed 2 bath, single-family home in Ocala Florida. The property is set to undergo a $45,000 remodel, including a new roof and AC replacement along with a full cosmetic remodel, before being sold for a profit.
Collateral:
Type: Refinance
Description:
This request is for a $110,000 refinance loan secured by a single-family residence located in Palmetto, Florida. The subject property was built in 2001 and consists of a 3-bedroom, 2-bathroom home with 1,060 square feet of living area and a one-car garage. Borrower will refinance as the loan’s exit strategy.
- Loan Amount: $110,000
- Date: January 2026
