The borrower has requested a $190,000 loan to purchase a single-family property in St. Petersburg, Florida. As collateral, the borrower is pledging a free-and-clear condominium unit located in Pinellas Park, FL. The condo features 2 bedrooms, 2 bathrooms, and 1,109 square feet of living area. The borrower’s exit strategy is to sell both properties.
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
