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:
The borrower is requesting a $125,000 first-lien refinance secured by a vacant lakefront parcel located on Lakeside Dr.,Lutz, FL. The collateral consists of a 0.42-acre irregular-shaped unimproved lot with approximately 80 linear feet of direct frontage on a private ski lake. The borrower’s exit strategy is an o sale of the subject parcel.
- Loan Amount: $125,000
- Date: September 2026
