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:
This is a $60,000 refinance loan request secured by a free-and-clear single-family home located in Lehigh Acres, Florida. The subject property is a 3-bedroom, 1-bathroom residence offering 920 square feet of living space. The primary exit strategy for the loan is repayment through cash flow from business and secondary option is to refinance into a DSCR loan if additional time is needed.
- Loan Amount: $60,000
- Date: October 2025
