Borrower requested a $125,000 loan to purchase a manufactured property in Wesley Chapel, Florida. Additionally, the borrower is pledging a free and clear, additional manufactured home that is in the same neighbourhood. Both properties feature 3 beds and 2 baths, one at 1,352 sq/ft and the other at 1,008 sq/ft. Borrower plans to refinance as an exit to the loan.
Collateral:
Type: Refinance
Description:
Borrower requested a $155,000 loan to refinance a single-family property in Tampa, Florida. The property features 2 beds and 1 bath at 1,108 sq/ft, and is tenant occupied. The borrower is using proceeds to complete a build at a different location and will sell the other investment property to exit the loan.
- Loan Amount: $155,000
- Date: July 2024
