This is a $160,000 refinance loan request secured by a single-family residence located in Lakeland, Florida. The home consists of three bedrooms, two bathrooms, and 1,457 square feet of living area, situated on a 0.16-acre lot, and includes a detached accessory dwelling unit (ADU) with a separate entrance intended for rental use. Borrower primary exit strategy is a DSCR refinance.
Collateral:
Type: Fix and Flip
Description:
This is a $305,000 acquisition (land) loan secured by a tear-down single- family property located in Clearwater Beach, Florida. The subject property sits on a 0.16-acre lot (7,083 square feet) in a flood zone. The primary exit strategy for this loan is to build and sell a new construciton property.
- Loan Amount: $305,000
- Date: January 2026
