Borrower requested a $350,000 loan to purchase a single-family property in Tampa, Florida. The property currently features 2 beds and 2 baths at 1,260 sq/ft on a 7,800 sq/ft lot. Borrower plans to refinance into a construction to perm loan for the construction financing once the permit is approved by the city.
Collateral:
Type: Fix and Lease
Description:
This request is for a $160,000 refinance loan , secured by a quadplex located in Lakeland, FL. The property, built in 1954, consists of four 2-bedroom, 1-bathroom units, each approximately 600 sq. ft., totaling 2,400 sq. ft. of heated living area, with four separate electrical meters and individual water connections. Borrower preferred exit strategy is to refinance.
- Loan Amount: $160,000
- Date: December 2025
