Borrower requested a $210,000 loan to refinance a single-family property in Spring Hill, Florida. The property features 4 beds and 3 baths at 2,162 sq/ft. The borrower will use the proceeds of the loan to make improvements to the property, lease the property as an annual rental after the renovation, and refinance as an exit to the loan.
Collateral:
Type: Refinance
Description:
The borrower is requesting a $125,000 first-lien refinance secured by a vacant lakefront parcel located on Lakeside Dr.,Lutz, FL. The collateral consists of a 0.42-acre irregular-shaped unimproved lot with approximately 80 linear feet of direct frontage on a private ski lake. The borrower’s exit strategy is an o sale of the subject parcel.
- Loan Amount: $125,000
- Date: September 2026
