Borrower requested a $275,000 loan to purchase a single-family property in Tampa, Florida. The Frierson property features 2 beds and 1 bath at 788 sq/ft and sits on a 5,824 sq/ft lot, and is currently rented as an annual lease. The Candlewood property features 2 beds and 1 bath at 972 sq/ft on a 7,476 sq/ft lot, and the borrower plans to complete a remodel and sell for profit as an exit to the loan.
Collateral:
Type: Refinance
Description:
This request is for a $60,000 refinance loan secured by a condominium property located in Zephyrhills, Florida. The collateral is a 2-bedroom, 2-bathroom unit with total 876 square feet. Borrower exit strategy for this loan is to sell the Zephyrhills property upon expiration of the lease.
- Loan Amount: $60,000
- Date: October 2025
