Borrower requested a $423,000 loan to purchase a single-family, fix and lease property in Terra Ceia, Florida. The borrower is paying $650,000 for the property which includes 5+ acres and 3 beds and 2 baths at 1,847 sq/ft. Borrower plans to complete a primarily cosmetic renovation to the main home. Borrower has been approved for a 80% LTV refinance as exit to this loan.
Collateral:
Type: Refinance
Description:
Borrower requested a $125,000 loan to refinance a single-family property located in Deltona,
Florida. The property features 4 beds and 2 baths at 1,668 sq/ft. The property is currently leased as an annual rental. Borrower plans to refinance as an exit to the loan.
- Loan Amount: $125,000
- Date: September 2023
