New Loan Funded

Collateral:

2172 Hale Ct, Fort Myers, FL 33916

Description:

Borrower requested a $100,000 loan to purchase a single-family property in Fort Myers, Florida. The borrower sold $105,000 for the property and has a $60,000 construction budget planned. The property features 2 beds and I bath at 1,120 sq/ft. The borrower plans to add one extra bed and one extra bath in order to increase the profit of the project. Borrower plans to sell the property for a profit once the renovation is completed, ARV in the low $200’s.