Borrower requested a $140,000 loan to refinance a single family property in Tampa, Fl. The borrower paid $220,000 for the property in June 2022 and has a $140,000 total construction budget planned. The property features 2 beds and 1 bath at a total 896 sq/ft. Borrower plans to rehab the property and then lease the property as a rental after the renovation and refinance as an exit to the loan.
Collateral:
Type: Fix and Lease
Description:
The borrower has requested a $242,000 loan to purchase a townhome in Wesley Chapel, Florida. The home was completed in 2025 and features 3 bedrooms, 2.5 bathrooms, and approximately 2,132 square feet of living space across two stories. The property also includes a two-car garage. As an exit strategy, borrower intends to refinance the property.
- Loan Amount: $242,000
- Date: June 2026
