Borrower requested a $140,000 loan to purchase a single-family property in Sarasota, Florida. The borrower paid $338,000 for the property and has a $70,000 construction budget planned. Borrower plans to list the property himself once construction is complete.
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
 
