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 $155,000 loan to refinance a single-family property in Tampa, Florida. The property features 2 beds and 1 bath at 1,108 sq/ft, and is tenant occupied. The borrower is using proceeds to complete a build at a different location and will sell the other investment property to exit the loan.
- Loan Amount: $155,000
- Date: July 2024