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: Fix and Flip
Description:
This is a $305,000 acquisition (land) loan secured by a tear-down single- family property located in Clearwater Beach, Florida. The subject property sits on a 0.16-acre lot (7,083 square feet) in a flood zone. The primary exit strategy for this loan is to build and sell a new construciton property.
- Loan Amount: $305,000
- Date: January 2026
