This 4 bedroom, 2 bathroom, pool home required a renovation of all major components. A $50K renovation resulted in a $470K sales price in just under 9 months.
LOAN AMOUNT
$270,000
INTEREST RATE
10.8%
LTV
67.5%
LOAN TERM
12 months
LOCATION
Winter Park, FL
SALES PRICE
$470,000
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PROPERTY
A longer total makeover project turned into a beautiful top notch renovation. Even with the longer than normal length of the project the loan to sales price was under 60%
LOAN AMOUNT
$237,600
INTEREST RATE
10.5%
LTV
67.9%
LOAN TERM
18 months
LOCATION
ORLANDO, FL
SALES PRICE
$399,000
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PROPERTY
This manufactured home only required a light pain and carpet renovation of $8K. The renovation brought a $143K sales price.
LOAN AMOUNT
$84,000
INTEREST RATE
9.75%
LTV
60.4%
LOAN TERM
12 months
LOCATION
WINTER HAVEN, FL
SALES PRICE
$142,500
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PROPERTY
This Ocala, FL ranch home required a full interior update of $30K. A 3 month project brought approximately $40K profit for the borrower.
LOAN AMOUNT
$92,100
INTEREST RATE
11.0%
LTV
61.4%
LOAN TERM
12 Months
LOCATION
OCALA, FL
SALES PRICE
$193,900
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PROPERTY
This newer built 4 bedroom, 2 bathroom beach town home required a moderate $40K renovation. Improvements created a $405K sales price in just 2 months.
LOAN AMOUNT
$232,000
INTEREST RATE
10.0%
LTV
58.0%
LOAN TERM
12 months
LOCATION
Merritt Island, FL
SALES PRICE
$405,000
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PROPERTY
Newer built 3 bedroom, 2 bathroom house. The renovation included a full interior and exterior update. A $40K renovation resulted in a $375K sales price and $50K in profits in just under 3 months start to closing.
LOAN AMOUNT
$212,500
INTEREST RATE
10.0%
LTV
62.5%
LOAN TERM
12 months
LOCATION
OCOEE, FL
SALES PRICE
$374,900
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PROPERTY
This Winter Park pool home needed a $65K rehab to bring a $589K sales price
LOAN AMOUNT
$327,000
INTEREST RATE
10.5%
LTV
65.4%
LOAN TERM
12 months
LOCATION
WINTER PARK, FL
SALES PRICE
$589,000
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PROPERTY
A multi-family project in the heart of St. Petersburg, FL. A cosmetic renovation created over a $100K profit in under 7 months.