Borrower requested a $300,000 loan to purchase a single-family property in Brandon, Florida. The borrower paid $400,000 for the property and has a $16,000 cosmetic rehab budget planned. Borrower aims for a $500,000+ ARV.
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