Borrower is an experienced wholesaler and real estate investor who requested a $200,000 loan to purchase a portfolio of 8 manufactured mobile homes in Summerfield Florida. The portfolio was contracted at $300,000. The 8 units are currently occupied and renting for a combined $5,275/month.
Collateral:
Type: Refinance
Description:
Borrower requested a $130,000 loan to refinance a single-family property in Clearwater, Florida. The property features 3 beds and 2 baths at 1,858 sq/ft. The borrower has the property listed for sale and will sell the property as an exit to the loan.
- Loan Amount: $130,000
- Date: April 2024
