Borrower requested a $135,000 loan to purchase a single family home in Lecanto, Florida. The borrower paid $180,000 for the property that features 3 beds and 2 bath’s at 1,550 sq/ft. Borrower plans to complete the renovation and then sell the property once finished.
Collateral:
Type: Refinance
Description:
This is a $150,000 refinance loan request secured by a single-family residence located in Tampa, Florida. The subject property includes three bedrooms, two bathrooms, and approximately 1,200 square feet of living space. The borrower plans to refinance into a DSCR loan as an exit from the loan.
- Loan Amount: $150,000
- Date: May 2025