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: 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
