Borrower requested a $172,500 loan to purchase a single family property in Panama City, Florida. Borrower is paying $230,000 for the property and has a $27,000 cosmetic rehab budget planned. The property features 3 beds and 2 baths at 1,7448 sq/ft and has an ARV of around $315,000+.
Collateral:
Type: Refinance
Description:
This request is for a $110,000 refinance loan secured by a single-family residence located in Palmetto, Florida. The subject property was built in 2001 and consists of a 3-bedroom, 2-bathroom home with 1,060 square feet of living area and a one-car garage. Borrower will refinance as the loan’s exit strategy.
- Loan Amount: $110,000
- Date: January 2026
