Borrower requested a $234,000 loan to purchase a single-family property in Bradenton, Florida. The borrower paid $359,000 for the property and plans to use the property as an Airbnb or long term rental. The property features 2 bedrooms, 1 bath, at 1,117 sq/ft and is move in ready. Borrower has been approved for a 80% LTV refinance as an exit to this loan.
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
