The borrower requested a $425,000 loan to refinance a single-family property in
Brooksville, Florida. The equestrian estate property features 4 beds and 4 baths at 3,112 sq/ft, and a
horse stable on 9.9 acres. The borrower intends to sell the property to exit 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