The borrower has requested a $170,000 refinance loan on two manufactured mobile homes located in Haven and Branford, Florida. The mobile home located on Horseshoe Loop has 5 bedrooms and 2 bathrooms and spans 2,052 sq ft. The home on NW 37th Ct has 3 bedrooms, 2 bathrooms, and is 960 sq ft. The borrower intends on flipping the properties, and selling as an exit.
Collateral:
Type: New Construction
Description:
This is a $255,000 new construction loan request for a duplex located in Lake Wales, FL. The proposed duplex will consist of two units, each featuring three bedrooms, two bathrooms, and approximately 1,005 square feet of living space, totaling six bedrooms, four bathrooms, and 2,010 square feet of combined living space. Borrower’s refinancing strategy is designed to manage debt and cash flow based on rental income.
- Loan Amount: $255,000
- Date: June 2025
