Borrower requested a $168,000 loan to purchase a single-family property in Plant City, Florida. The borrower paid $176,000 for the property and has a $45,000 construction budget planned which includes a new roof, ac, electrical and a full cosmetic remodel. Borrower is deciding between a fix and flip or a long term rental and has experience with both exit strategies.
Collateral:
Type: Refinance
Description:
Borrower requested a $130,000 loan to refinance a single-family property in Clearwater, Florida. The property features 3 beds and 2 baths at 1,858 sq/ft. The borrower has the property listed for sale and will sell the property as an exit to the loan.
- Loan Amount: $130,000
- Date: April 2024