Borrower requested a $180,000 loan to purchase a single-family property in Sulphur Springs, Florida. The borrower paid $240,000 for the property and has a $30,000 construction budget planned. The property features a main home with 4 beds and 2 baths at 1,441 sq/ft with an additional 250 sq/ft, 1 bed 1 bath dwelling at the rear.
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
