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:
This request is for a $60,000 refinance loan secured by a condominium property located in Zephyrhills, Florida. The collateral is a 2-bedroom, 2-bathroom unit with total 876 square feet. Borrower exit strategy for this loan is to sell the Zephyrhills property upon expiration of the lease.
- Loan Amount: $60,000
- Date: October 2025
