Borrower requested a $220,000 loan to refinance a single-family property in Dunedin, Florida. Borrower plans to complete a cosmetic renovation that includes a new roof and rent-ready updates. The property features 2 beds and 2 baths at 1,376 sq/ft. The borrower plans to lease the property for an annual rental after the renovation and refinance as an exit to the loan.
Collateral:
Type: Refinance
Description:
The borrower is requesting a $125,000 first-lien refinance secured by a vacant lakefront parcel located on Lakeside Dr.,Lutz, FL. The collateral consists of a 0.42-acre irregular-shaped unimproved lot with approximately 80 linear feet of direct frontage on a private ski lake. The borrower’s exit strategy is an o sale of the subject parcel.
- Loan Amount: $125,000
- Date: September 2026
