Borrower has requested a $76,000 loan to refinance two single-family, investment properties in Tampa, Florida. Both properties have been renovated and are leased on annual rentals for a combined $3,650/ month. Borrower is using the loan proceeds to purchase another investment property.
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
