The borrower requested a $85,000 loan to purchase a single-family property in Pensacola, Florida. The property features 3 beds and 2 baths at 1,417 sq/ft and is in need of a full renovation. The borrower plans to list the property for sale after the renovation and sell it 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
