Borrower requested a $300,000 loan to refinance a single-family property in Cape Coral, Florida. The borrower bought the land in 2020 and built a 3 bed and 3 bath, 1,931 sq/ft new construction home, on a 0.34 acre lot. Borrower plans to sell the property as an exit to the loan.
Collateral:
Type: Refinance
Description:
Borrower requested a $130,000 loan to refinance a single-family property in Clearwater, Florida. The property features 3 beds and 2 baths at 1,858 sq/ft. The borrower has the property listed for sale and will sell the property as an exit to the loan.
- Loan Amount: $130,000
- Date: April 2024