Borrower requested a $945,000 loan to refinance a new construction, single-family property in Redington Shores, Florida. The property will feature 3 beds and 3.5 baths at 2,355 sq/ft.
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