Borrower requested a $124,000 loan to purchase and remodel a single-family home in
Winter Haven Florida, while additionally pledging a cash-flowing single-family rental property in
Mulberry, Florida as collateral for the loan. The single-family home is being purchased for $105,000
and has a $30,000 remodel planned.
Collateral:
Type: Refinance
Description:
This is a $155,000 refinance loan request, secured by a single-family residence located in Jacksonville, Florida. The subject property is a 3-bedroom, 2-bathroom home with 1,545 square feet of living area, a 1-car garage and an inground pool. The borrower will list the property for sale as the exit strategy to repay the loan in full.
- Loan Amount: $155,000
- Date: September 2025
