Borrower requested a $50,000 loan to refinance a townhome property in Fort Myers, Florida. The property features 3 beds and 2.5 baths at 1,938 sq/ft. Borrower will refinance as an exit to the loan after leasing the property at market rent.
Collateral:
Type: Fix and Flip
Description:
This is a $305,000 acquisition (land) loan secured by a tear-down single- family property located in Clearwater Beach, Florida. The subject property sits on a 0.16-acre lot (7,083 square feet) in a flood zone. The primary exit strategy for this loan is to build and sell a new construciton property.
- Loan Amount: $305,000
- Date: January 2026
