Borrower requested a $343,000 loan to purchase a $490,000 renovated corner unit condo in Island Estates Clearwater, FL. Borrower is a businessman from Indiana and is purchasing this 2 bed 2 bath condo as a vacation home.
Collateral:
Type: Refinance
Description:
This request is for a $110,000 refinance loan secured by a single-family residence located in Palmetto, Florida. The subject property was built in 2001 and consists of a 3-bedroom, 2-bathroom home with 1,060 square feet of living area and a one-car garage. Borrower will refinance as the loan’s exit strategy.
- Loan Amount: $110,000
- Date: January 2026
