Borrower requested a $150,000 loan to refinance a new construction, single-family property in New Port Richey, Florida. The property will feature 3 beds and 3 baths at 1,967 sq/ft, 2 car garage. The borrower plans to list the property and sell it as an exit to the loan.
Collateral:
Type: Refinance
Description:
This is a $100,000 refinance loan request at 50% loan-to-value (LTV), secured by a Lake Worth, Florida condominium unit. The property has two bedrooms, two and a half bathrooms, and approximately 1,500 square feet of living space. Borrower plans to complete the renovation and exit the loan through a conventional property sale.
- Loan Amount: $100,000
- Date: June 2025