The borrower requested a $150,000 loan to refinance a single-family property in Wesley Chapel, Florida. The property features 4 beds and 2 baths at 2,070 sq/ft and is currently leased for $2,500/month. The borrower plans to keep leasing this property for an annual rental and refinance into a DSCR program as an exit from the loan.
Collateral:
Type: Fix and Flip
Description:
Borrower requested a $127,000 loan to purchase a single-family property in Panama City, Florida. The property features 3 beds and 3 baths at 1,806 sq/ft. The borrower plans to list the property for sale after the renovation and sell it as an exit to the loan
- Loan Amount: $127,000
- Date: August 2024