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:
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
