Borrower requested a $155,000 loan to purchase a single-family, fix and flip property in Tampa, Florida. The borrower paid $221,111 for the property and has a $30,000 construction budget planned. The borrower plans to list the property for $325,000 after the renovation and sell as an exit to the loan.
Collateral:
Type: Refinance
Description:
This is a $290,000 refinance loan request, with $260,000 to be disbursed at closing, secured by a single-family property located in Land O’ Lakes, Florida. The property consists of four bedrooms, two bathrooms, 1,987 square feet of living space, and includes a two-car garage. Borrower primary strategy is to sell the property post-renovation, remains open to refinancing.
- Loan Amount: $290,000
- Date: July 2025