Borrower requested a $234,000 loan to purchase a single-family property in Bradenton, Florida. The borrower paid $359,000 for the property and plans to use the property as an Airbnb or long term rental. The property features 2 bedrooms, 1 bath, at 1,117 sq/ft and is move in ready. Borrower has been approved for a 80% LTV refinance as an exit to this loan.
Collateral:
Type: Refinance
Description:
This request is for a $400,000 refinance loan secured by a single-family residence located in the Walden Lake Community in Plant City, Florida. The property features three bedrooms, five bathrooms, and an executive office that can also serve as an additional bedroom. The residence offers 4,444 square feet of living space on a 0.37-acre lot and is situated directly on a private golf course. Borrower exit strategy is to refinance into a DSCR loan after liquidating other investments.
- Loan Amount: $400,000
- Date: October 2025