Fix & Flip – Tampa, FL
Property Location:
Tampa, FL
Borrower Profile:
Experienced, repeat borrower with large rental portfolio
Property Type:
Single Family Residence
Loan Amount:
$122,842
Renovation Budget:
$46,010
Sold For:
$216,500
Loan Purpose:
Property Purchase and Rehab
Project Description:
Extensive upgrades and restoration completed on classic craftsman bungalow
Situation:
Brookview Financial funded a Fix & Flip loan for the purchase and rehab of a craftsman style home in Tampa, FL. Our borrower completely restored and updated this 1,400 square foot, 3 bedroom, 2 bath home in need of roughly $46,000 in renovations. The scope of work for this major renovation project included gutting the kitchen and bathrooms, upgrading the electrical and plumbing, and replacing the roof while enhancing the classic architecture of the home. The outdoor space was made safe and useful again.Why Brookview: Reliability and Accessibility. At Brookview, we are closers! Our borrower came to us knowing from his previous experiences with Brookview that we have the capital and expertise to close time-sensitive deals. In this case, our investor was often in a remote location and needed to reach us concerning his deal. We made ourselves accessible and accommodated his needs. Our timely communication allowed for the process to run smoothly and efficiently.
