Borrower requested a $172,500 loan to purchase a single family property in Panama City, Florida. Borrower is paying $230,000 for the property and has a $27,000 cosmetic rehab budget planned. The property features 3 beds and 2 baths at 1,7448 sq/ft and has an ARV of around $315,000+.
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
