We recently funded a $507,500 fix-and-flip deal for one of our clients, which turned out to be pretty interesting.

Our clients purchased a property in Tampa on an oversized lot at nearly retail value. After the closing, they worked with the city to subdivide the lot into two separate parcels, while also making very minor updates to the house.

Following the subdivision of the lot and the minor updates, they listed both parcels on the MLS. Ultimately, they sold the house to one buyer and the vacant lot to a local builder, resulting in a pretty nice profit.

Our clients demonstrated a keen eye for opportunity by thinking outside the box and capitalizing on an overlooked potential.

We were happy to be a part of it!

If you are looking for a lender that can think “outside of the box”, reach out to us right away!