Borrower requested a $350,000 loan to purchase a single family property in Riverview, Florida. The borrower paid $270,000 for the property and has a $80,000 construction budget planned, a full renovation and addition of 2 car garage with an estimated ARV of $430,000. Borrower additionally pleading a renovated, cash-flowing rental property as additional collateral for the loan.
Collateral:
Type: Refinance
Description:
This is a $100,000 refinance loan request secured by a single-family property located in Odessa, FL. The subject property, built in 2023, features 4 bedrooms, 3.5 bathrooms, and 3,038 square feet of living space. The exit strategy is the sale of the property
- Loan Amount: $100,000
- Date: April 2026
