Borrower requested a $286,500 loan to purchase a single-family property in Tampa, Florida. The borrower paid $382,000 for the property and has a $18,000 construction budget planned. The property features 3 beds and 2 baths at 1,943 sq/ft that also includes a 2 car garage. The borrower plans to renovate the property himself and then refinance as an exit strategy.
Collateral:
Type: Refinance
Description:
Borrower requested a $130,000 loan to refinance a single-family property in Clearwater, Florida. The property features 3 beds and 2 baths at 1,858 sq/ft. The borrower has the property listed for sale and will sell the property as an exit to the loan.
- Loan Amount: $130,000
- Date: April 2024
