The borrower requested a $712,500 loan to purchase a single-family investment property in Tierra Verde, Florida. The borrower paid $950,000 for the property and has a $75,000 construction budget planned which includes adding a bathroom and around 235sq/ft. The property currently features 3 beds, 2 baths and 2,343 sq/ft. Borrower is planning to exit the loan with a long term debt refinance.
Collateral:
Type: Refinance
Description:
This is a $60,000 refinance loan request secured by a free-and-clear single-family home located in Lehigh Acres, Florida. The subject property is a 3-bedroom, 1-bathroom residence offering 920 square feet of living space. The primary exit strategy for the loan is repayment through cash flow from business and secondary option is to refinance into a DSCR loan if additional time is needed.
- Loan Amount: $60,000
- Date: October 2025
