Borrower has requested a $76,000 loan to refinance two single-family, investment properties in Tampa, Florida. Both properties have been renovated and are leased on annual rentals for a combined $3,650/ month. Borrower is using the loan proceeds to purchase another investment property.
Collateral:
Type: Refinance
Description:
This request is for a $400,000 refinance loan secured by a single-family residence located in the Walden Lake Community in Plant City, Florida. The property features three bedrooms, five bathrooms, and an executive office that can also serve as an additional bedroom. The residence offers 4,444 square feet of living space on a 0.37-acre lot and is situated directly on a private golf course. Borrower exit strategy is to refinance into a DSCR loan after liquidating other investments.
- Loan Amount: $400,000
- Date: October 2025