Borrower requested a $137,000 loan to purchase a single-family property in Panama City, Florida. The borrower paid $195,000 for the property and has a $27,000 construction budget planned. The property features 4 beds and 2.5 baths at 1840 sq/ft. Borrower plans to sell the property for a profit once the renovation is completed, ARV estimated around $275,000+.
Collateral:
Type: New Construction
Description:
Borrower requested a $110,000 loan to complete construction of a single-family property in Lehigh, Florida. The property features 4 bedrooms and 3 bathrooms, 2,152 square feet of living space, and a 2-car garage on a 0.25-acre lot. Borrower plans to lease the property for an annual rental after the renovation and refinance as an exit to the loan.
- Loan Amount: $110,000
- Date: July, 2026
