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 $200,000 refinance loan secured by a single-family residence in Tampa, Florida. Built in 1980, the property features 3 bedrooms, 2 bathrooms, and 1,562 square feet of living space situated on a 0.19-acre lot. Upon completion of the renovations, the borrower intends to refinance into a long-term DSCR loan as the exit strategy.
- Loan Amount: $200,000
- Date: August 2026
