Borrower requested a $96,000 loan to purchase a 2.5 acre property that holds a double-wide manufactured home in Dade City, Florida. The borrower paid $160,000 for the property and has a $15,000 cosmetic renovation planned as the property is currently move in ready, needing only minor updates. The manufactured home has 3 bedrooms and 2 baths at 1,440 sq/ft. Borrower plans to lease the property to their construction workers and sell for a profit in 1-2 years.
