Borrower requested a $35,000 loan to purchase a manufactured mobile home property in Summerfield, Florida. The borrower paid $75,000 for the property and has planned to lease the property for an annual rental as soon as the purchase is complete. Property is currently move in ready.
Collateral:
Type: Fix and Lease
Description:
This request is for a $160,000 refinance loan , secured by a quadplex located in Lakeland, FL. The property, built in 1954, consists of four 2-bedroom, 1-bathroom units, each approximately 600 sq. ft., totaling 2,400 sq. ft. of heated living area, with four separate electrical meters and individual water connections. Borrower preferred exit strategy is to refinance.
- Loan Amount: $160,000
- Date: December 2025
