Borrower requested a $50,000 loan to refinance a single-family property in South Tampa, Florida. The property features 2 beds and 1 bath at 1,026 sq/ft. The borrower intends to demolish the current home and build a new construction single-family property on the lot. The borrower plans to sell another flip property on the market as an exit to the loan.
Collateral:
Type: Refinance
Description:
The borrower is requesting a $200,000 loan secured by a 3/2 single-family home. The borrower’s exit strategy is to refinance into a DSCR loan once the property has established rental history.
- Loan Amount: $200,000
- Date: June 2026
