Borrower requested a $505,000 loan to refinance a single-family property in Homestead, Florida. The property features 5 beds and 2 baths at 2,387 sq/ft on a corner lot with a pool. The borrower plans on continuing to rent the property as an annual rental and refinance as an exit to the loan.
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
