Borrower requested a $215,000 loan to purchase a single-family property in Tampa, Florida. Borrower paid $154,000 for the new property and has a $50,000 construction budget planned, while additionally pledging a cashflowing investment property that has 3 units for a combined rental of $3,250 / month as collateral to the loan.
Collateral:
Type: Refinance
Description:
This is a $70,000 refinance loan request, secured by a single-family residence located in Panama City, Florida. The subject property was built in 1952 and consists of a 4-bedroom, 3-bathroom home with a one-car garage, totaling 2,416 square feet, along with an oversized detached garage, situated on one acre of land. Borrower exit strategy is to either retain the property as employee rental or sell the property.
- Loan Amount: $70,000
- Date: December 2025
