Borrower requested a $158,000 loan to purchase a single-family property in Tampa, Florida. The property features 2 beds and 1 bath at 975 sq/ft on a 6,242 sq/ft lot and is currently in framing, in need of a full remodel. Borrower plans to list the property for sale
after the renovation as an exit to the 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