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:
The borrower requested a $300,000 loan to refinance the property located at Larry Rd, Spring Hill, FL. This property has 2 manufactured homes retired to the land. The borrower is pledging additional collateral located at 60th St, Tampa, FL. The borrower has proven liquidity and plans to repay this loan at maturity.
- Loan Amount: $300,000
- Date: March 2025