The borrower requested a $40,000 loan to refinance a condo in Saint Petersburg, Florida. The property features 2 beds and 2 baths at 1,005 sq/ft. The borrower plans to make repairs to the unit and then sell as an exit to the loan.
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
