Borrower requested a $120,000 loan to purchase a single-family, fix and flip property in Hudson Florida. The borrower paid $187,500 for the property and had a $35,000 construction budget planned. ARV is estimated $250,000-$275,000. The borrower owns a construction management company and performs the construction with his own crew.
Collateral:
Type: Fix and Lease
Description:
This request is for a $160,000 refinance loan , secured by a quadplex located in Lakeland, FL. The property, built in 1954, consists of four 2-bedroom, 1-bathroom units, each approximately 600 sq. ft., totaling 2,400 sq. ft. of heated living area, with four separate electrical meters and individual water connections. Borrower preferred exit strategy is to refinance.
- Loan Amount: $160,000
- Date: December 2025
