Borrower requested a $255,000 loan to purchase a manufactured mobile home in Odessa Florida. The property features 3 beds and 2 baths at 1,512 sq/ft on a .69 acre lot. The borrower is making improvements to the property and will either sell or refinance once the project is complete as an exit to the loan.
Collateral:
Type: Refinance
Description:
The borrower is requesting a $125,000 first-lien refinance secured by a vacant lakefront parcel located on Lakeside Dr.,Lutz, FL. The collateral consists of a 0.42-acre irregular-shaped unimproved lot with approximately 80 linear feet of direct frontage on a private ski lake. The borrower’s exit strategy is an o sale of the subject parcel.
- Loan Amount: $125,000
- Date: September 2026
