The borrower has requested a $470,000 loan to acquire a single-family property in Largo, FL. The borrower is purchasing the subject property, a three-bedroom, two-bathroom home with a two-car garage and 1,991 square feet. The exit strategy is to sale the renovated home.
Collateral:
Type: New Construction
Description:
Borrower requested a $165,000 new construction refinance for a single-family home located in Lake Wales, FL. The property is designed as a three-bedroom, two-bathroom home with a two-car garage, totaling 1,333 square feet. The borrower’s exit strategy is to refinance into a DSCR loan once the property reaches certificate of occupancy.
- Loan Amount: $165,000
- Date: May 2025
