Borrower requested a $575,000 1st position loan on a single-family property in Geneva, Florida. The property features 5 beds and 3 baths at 4,408 sq/ft with an ADU. The borrower plans to sell another asset as an exit to this loan.
Collateral:
Type: Refinance
Description:
Borrower requested a $85,000 loan to refinance a single-family fix and flip property in Sanford, Florida. The property will feature 3 bedrooms, 2 bathrooms, and 1,242 square feet of living space upon completion. The home sits on a desirable double lot totaling 0.48 acres and overlooks a pond. The borrower plans to list the property for sale after the renovation as an exit to the loan.
- Loan Amount: $85000
- Date: January 2025