Borrower requested a $108,000 loan to purchase a duplex property in Auburndale, Florida. The borrower paid $145,000 for the property and has a $21,000 construction budget planned. The property features 2 units each with 1 bed and 1 bath at 540 sq/ft. Borrower plans to complete the renovation and then sell the property once completed.
Collateral:
Type: Refinance
Description:
Borrower requested a $200,000 refinance loan secured by a single-family residence in Tampa, Florida. Built in 1980, the property features 3 bedrooms, 2 bathrooms, and 1,562 square feet of living space situated on a 0.19-acre lot. Upon completion of the renovations, the borrower intends to refinance into a long-term DSCR loan as the exit strategy.
- Loan Amount: $200,000
- Date: August 2026
