The borrower requested a $90,000 loan to refinance a manufactured home in Lakeland, Florida. The property features 2 beds and 2 baths at 1,248 sq/ft. The borrower plans to complete a $41,000 renovation to list the property for sale, with an estimated ARV of $225k+.
Collateral:
Type: Fix and Lease
Description:
This request is for a $160,000 refinance loan , secured by a quadplex located in Lakeland, FL. The property, built in 1954, consists of four 2-bedroom, 1-bathroom units, each approximately 600 sq. ft., totaling 2,400 sq. ft. of heated living area, with four separate electrical meters and individual water connections. Borrower preferred exit strategy is to refinance.
- Loan Amount: $160,000
- Date: December 2025
