The borrower has requested a $400,000 loan to refinance three duplex properties in Tampa, Florida. The properties feature a total of 6 beds and 6 baths, with a combined 3,264 square feet of living space. Each unit includes 1 bed, 1 bath, and 544 square feet. The borrower plans to sell the subject properties as part of his exit strategy from the loan.
Collateral:
Type: Refinance
Description:
This request is for a $110,000 refinance loan secured by a single-family residence located in Palmetto, Florida. The subject property was built in 2001 and consists of a 3-bedroom, 2-bathroom home with 1,060 square feet of living area and a one-car garage. Borrower will refinance as the loan’s exit strategy.
- Loan Amount: $110,000
- Date: January 2026
