Borrower requested a $500,000 loan to purchase a commercial car lot and building in Hudson, FL. The borrower paid $695,000 for the property and has plans to build a new structure and sell the property as a car dealership. Appriased value was $850,000 at purchase.
Collateral:
Type: Refinance
Description:
Borrower is requesting a $325,000 loan secured by a single-family property in Tampa, Florida. The property features 9 bedrooms, 5 bathrooms, 4,010 heated square feet, and sits on a 16,496-square-foot lot while being rented for $9,000 per month. The borrower plans to refinance the loan as exit strategy.
- Loan Amount: $325,000
- Date: September 2026
