Borrower requested a $390,000 loan to purchase a single-family property in Zephyrhills, Florida. The borrower paid $650,000 for the property. The property features 2 beds, 4 baths, and office space at 2,307 sq/ft on a 4-acre lot. The property was fully renovated and features an open floor plan, with a separate garage and pool. The borrower plans to use the property as a second home and plans to sell other free & clear property as an exit to this loan.
Collateral:
Type: Refinance
Description:
This request is for a $400,000 refinance loan secured by a single-family residence located in the Walden Lake Community in Plant City, Florida. The property features three bedrooms, five bathrooms, and an executive office that can also serve as an additional bedroom. The residence offers 4,444 square feet of living space on a 0.37-acre lot and is situated directly on a private golf course. Borrower exit strategy is to refinance into a DSCR loan after liquidating other investments.
- Loan Amount: $400,000
- Date: October 2025
