Borrower requested a $75,000 loan to purchase a condominium in Temple Terrace, Florida. The borrower paid $140,000 for the property and has a $15,000 construction budget planned. The property features 1 bed and 1 bath at 754 sq/ft. Borrower plans to lease the property for as an annual rental after the renovation and refinance as an exit to the loan.
Collateral:
Type: Refinance
Description:
Borrower requested a $130,000 loan to refinance a single-family property in Clearwater, Florida. The property features 3 beds and 2 baths at 1,858 sq/ft. The borrower has the property listed for sale and will sell the property as an exit to the loan.
- Loan Amount: $130,000
- Date: April 2024
