Borrower requested a 375,000 loan to purchase a single-family property in Largo, Florida. The borrower paid $505,000 for the property and does not have a construction budget planned, as the home is turnkey ready. The property features 3 beds and 2 baths at 1,564 sq/ft. Borrower will be leasing the property as a short term rental and will refinance as an exit to the loan in an estimated 60 days.
Collateral:
Type: Refinance
Description:
This request is for a $60,000 refinance loan secured by a condominium property located in Zephyrhills, Florida. The collateral is a 2-bedroom, 2-bathroom unit with total 876 square feet. Borrower exit strategy for this loan is to sell the Zephyrhills property upon expiration of the lease.
- Loan Amount: $60,000
- Date: October 2025
