Borrower requested a $140,000 loan to refinance an inherited single-family property in Orlando, Florida. The borrower inherited the property and plans to make some minor cosmetic updates before leasing the property as a short-term rental. Borrower has experience in operating Airbnb’s, and the estimated as-is value is around $225,000 with an ARV of around $265,000. Borrower plans to refinance as an exit to the loan.
Collateral:
Type: Refinance
Description:
The borrower is requesting a $125,000 first-lien refinance secured by a vacant lakefront parcel located on Lakeside Dr.,Lutz, FL. The collateral consists of a 0.42-acre irregular-shaped unimproved lot with approximately 80 linear feet of direct frontage on a private ski lake. The borrower’s exit strategy is an o sale of the subject parcel.
- Loan Amount: $125,000
- Date: September 2026
