Borrower requested a $64,000 loan to refinance a single-family property in Tampa, Florida. The current estimated value of the property is around $275,000. The property is currently tenant-occupied, renting for $1,725/month. Borrower is an experienced investor with an extensive real estate rental portfolio and has operated and sold multiple businesses in the automotive industry.
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