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: 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
