The borrower requested a $712,500 loan to purchase a single-family investment property in Tierra Verde, Florida. The borrower paid $950,000 for the property and has a $75,000 construction budget planned which includes adding a bathroom and around 235sq/ft. The property currently features 3 beds, 2 baths and 2,343 sq/ft. Borrower is planning to exit the loan with a long term debt refinance.
Type: Fix and Lease
Borrower requested a $1,319,000 loan to purchase a single-family property in Naples, Florida. The borrower is additionally pledging a free and clear property in Tampa Fl as collateral for the loan. The borrower will be selling the San Rafael property as an exit to the loan.