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 $60,000 refinance loan request secured by a free-and-clear single-family home located in Lehigh Acres, Florida. The subject property is a 3-bedroom, 1-bathroom residence offering 920 square feet of living space. The primary exit strategy for the loan is repayment through cash flow from business and secondary option is to refinance into a DSCR loan if additional time is needed.
- Loan Amount: $60,000
- Date: October 2025
