The borrower requested a $265,000 loan to refinance a townhouse in Dania Beach, Florida. The property features 3 beds and 2.5 baths at 2,016 sq/ft with an in-ground pool. The borrower is currently leasing the property and plans to refinance as an exit to the loan.
Collateral:
Type: Refinance
Description:
Borrower is secured by four properties: a luxury condominium in Miami, FL; a single-family home in Roswell, GA; and two properties in Greenwood, SC—a commercial building and a single-family home. The borrower intends to refinance the loan using a DSCR (Debt Service Coverage Ratio) product.
- Loan Amount: $1,050,000
- Date: November 2024