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:
Borrower requested a $200,000 refinance loan secured by a single-family residence in Tampa, Florida. Built in 1980, the property features 3 bedrooms, 2 bathrooms, and 1,562 square feet of living space situated on a 0.19-acre lot. Upon completion of the renovations, the borrower intends to refinance into a long-term DSCR loan as the exit strategy.
- Loan Amount: $200,000
- Date: August 2026
