Borrower requested a $200,000 loan to refinance a single-family property in Fort Lauderdale, Florida. The property features 3 beds and 2 baths at 1,087 sq/ft. The borrower plans to use the funds to renovate another investment property. The borrower intends to sell an investment property to exit the loan.
Collateral:
Type: New Construction
Description:
This is a $380,000 new construction loan request for a single-family property located in St. Augustine, FL. The home will feature 3 bedrooms, 2.5 bathrooms, and an office that can serve as an additional bedroom, with a total of 2,256 square feet of living space. The borrower will refinance the subject property if the builds and the sales take longer than anticipated.
- Loan Amount: $380,000
- Date: December 2024
