Borrower requested a $140,000 loan to refinance an inherited single-family property in Orlando, Florida. The borrower inherited the property and plans to make some minor cosmetic updates before leasing the property as a short-term rental. Borrower has experience in operating Airbnb’s, and the estimated as-is value is around $225,000 with an ARV of around $265,000. Borrower plans to refinance as an exit to the loan.
Collateral:
Type: Refinance
Description:
This is a $100,000 refinance loan request secured by a single-family property located in Odessa, FL. The subject property, built in 2023, features 4 bedrooms, 3.5 bathrooms, and 3,038 square feet of living space. The exit strategy is the sale of the property
- Loan Amount: $100,000
- Date: April 2026
