The borrower requested a $250,000 loan to complete a new construction project in Saint Petersburg, Florida. The property will feature 3 beds and 2 baths at 1,500 sq/ft with a detached garage and ADU with 672 sq/ft and 1 bed 1 bath. The borrower plans to sell the property upon completion 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