Borrower requested a $112,000 loan to purchase a manufactured property in Tampa, Florida. The borrower paid $160,000 for the property and has a $20,000 construction budget planned. The property features 3 beds, 2 baths at 960 sq/ft. Borrower plans to lease the property after the renovation for a long term hold.
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
