Borrower requested a $360,000 loan to refinance a new construction, single-family property in Seffner, Florida. The Lime Ave property features 2,254 sq/ft with 4 beds and 3 baths. The property at 17th Ave St. Pete feature 2,232 sq/ft with 4 beds, 3 baths. Borrower will lease the Lime Ave property as an annual rental after the build and refinance as an exit to the loan.
Collateral:
Type: Refinance
Description:
The borrower is requesting a $200,000 loan secured by a 3/2 single-family home. The borrower’s exit strategy is to refinance into a DSCR loan once the property has established rental history.
- Loan Amount: $200,000
- Date: June 2026
