Borrower requested a $735,000 loan to refinance a single-family property in Belleair Beach, Florida. The property features a pool and 4 Beds and 3 Baths at 2,380 sq/ft. The borrower is planning to lease the property via short term rentals on Airbnb, and plans to replace the roof for around $20,000. Borrower plans to exit the loan with a bank refinance.
Collateral:
Type: New Construction
Description:
Borrower requested a $165,000 loan to refinance a new construction single-family property in Fort Lauderdale, Florida. The property will feature 3 beds and 2 baths at 1,490 sq/ft with a 430 sq/ft two-car garage. The borrower plans to sell the property as an exit to the loan.
- Loan Amount: $165,000
- Date: April 2024