This is a $375,000 refinance/new-construction loan request secured by a single-family residence and the adjacent vacant lot in St. Petersburg, Florida. The existing home was built in 1953 and features 2 bedrooms, 1 bathroom, 624 square feet of living space, a one-car garage, and is situated on 0.26 acres. The primary strategy is to sell as an exit to the loan.
Collateral:
Type: Refinance
Description:
Borrower is requesting a $325,000 loan secured by a single-family property in Tampa, Florida. The property features 9 bedrooms, 5 bathrooms, 4,010 heated square feet, and sits on a 16,496-square-foot lot while being rented for $9,000 per month. The borrower plans to refinance the loan as exit strategy.
- Loan Amount: $325,000
- Date: September 2026
