Borrower requested a $1,500,000 loan to purchase a quadruplex in Treasure Island, Fl. The borrower paid $2,500,000 for the property that features 4 total units that each feature 1 bed and 1 bath at 510 sq/ft. The units are within walking distance to the beach and the borrower plans to lease these as long term rentals.
Collateral:
Type: Refinance
Description:
This is a $155,000 refinance loan request, secured by a single-family residence located in Jacksonville, Florida. The subject property is a 3-bedroom, 2-bathroom home with 1,545 square feet of living area, a 1-car garage and an inground pool. The borrower will list the property for sale as the exit strategy to repay the loan in full.
- Loan Amount: $155,000
- Date: September 2025
