Borrower requested a $153,000 loan to purchase a triplex property in Winter Haven, Florida. The borrower paid $205,000 for the property and will be performing minor cosmetic repairs. The property features 2,1 bed l bath units, and 1, 2 bed l bath unit, at a combined 1,584 sq/ft. Borrower plans to exit the loan with a bank refinance and hold the property as a long term rental.
Collateral:
Type: Fix and Lease
Description:
Borrower requested a $650,000 loan to purchase a single-family property in Tarpon Springs, Florida. The property being purchased features 2 beds and 2 baths at 2,188 sq/ft with a pool. The borrower is cross collateralizing another property in pristine condition, featuring 4 beds and 5 baths in 3,849 sq/ft with a pool. The borrower will be selling the property as an exit from the loan.
- Loan Amount: $650,000
- Date: March 2025
