Borrower requested a $66,500 fix and flip loan to purchase a $95,000 single-family property in Tampa, Florida. Borrower is completing a $35,000 remodel with their own capital before aiming to sell for a profit. Renovations will include a new roof, HVAC, and a cosmetic remodel. There is additionally an unpermitted ensuite in the rear of the property. The borrower intends to permit the addition, and increase the living square footage and an additional bed and bathroom.
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
