Borrower requested a $160,000 loan to purchase a single-family property in Lutz, Florida. The property features 2 beds and 1 bath at 1,277 sq/ft. The borrower plans to do extensive rehab and sell for a profit when it is complete as an exit to the loan.
Collateral:
Type: New Construction
Description:
Borrower requested a $425,000 loan to begin construction on a single-family property in Lakeland, Florida. The property will feature 4 beds and 3 baths at 3,727 sq/ft. The target sale price for the completed property is estimated $1.1 million.
- Loan Amount: $425,000
- Date: September 2024