Borrower requested a $125,000 loan to purchase a manufactured property in Wesley Chapel, Florida. Additionally, the borrower is pledging a free and clear, additional manufactured home that is in the same neighbourhood. Both properties feature 3 beds and 2 baths, one at 1,352 sq/ft and the other at 1,008 sq/ft. Borrower plans to refinance as an exit to the loan.
Collateral:
Type: Fix and Lease
Description:
This request is for a $160,000 refinance loan , secured by a quadplex located in Lakeland, FL. The property, built in 1954, consists of four 2-bedroom, 1-bathroom units, each approximately 600 sq. ft., totaling 2,400 sq. ft. of heated living area, with four separate electrical meters and individual water connections. Borrower preferred exit strategy is to refinance.
- Loan Amount: $160,000
- Date: December 2025
