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.
Type: Fix and Lease
Borrower requested a $236,000 loan to purchase a single-family property in Port Richey, Florida. The borrower is additionally pledging a single-family property as collateral to the loan. The Sterling property
features 2 beds and 2 baths at 1,190 sq/ft with a pool, and the second collateral located on Warbler Dr, features 2 beds and 2 baths at 1,310 sq/ft. The borrower plans to lease both properties long-term and then refinance as an exit to the loan.