The borrower is requesting a $125,000 loan, secured by a single-family residence in Fort Pierce, Florida. The property features 3 bedrooms, 2 bathrooms, 2,040 square feet of living space, a three-car garage, a saltwater pool, a detached utility building, and a steel carport, all situated on a 0.68-acre lot. The borrower’s primary exit strategy is to repay the loan through the sale of the property.
Collateral:
Type: Refinance
Description:
Borrower requested a $200,000 refinance loan secured by a single-family residence in Tampa, Florida. Built in 1980, the property features 3 bedrooms, 2 bathrooms, and 1,562 square feet of living space situated on a 0.19-acre lot. Upon completion of the renovations, the borrower intends to refinance into a long-term DSCR loan as the exit strategy.
- Loan Amount: $200,000
- Date: August 2026
