Borrower requested a $207,000 loan to refinance a single-family property in Clearwater, Florida. The borrower will be performing a full remodel, aiming to sell for an estimated ARV between $415,000 and $435,000. The property features 3 beds and 2 baths at 1,329 sq/ft.
Collateral:
Type: Refinance
Description:
Borrower is secured by four properties: a luxury condominium in Miami, FL; a single-family home in Roswell, GA; and two properties in Greenwood, SC—a commercial building and a single-family home. The borrower intends to refinance the loan using a DSCR (Debt Service Coverage Ratio) product.
- Loan Amount: $1,050,000
- Date: November 2024