The borrower has requested a $470,000 loan to acquire a single-family property in Largo, FL. The borrower is purchasing the subject property, a three-bedroom, two-bathroom home with a two-car garage and 1,991 square feet. The exit strategy is to sale the renovated home.
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
