Borrower requested a $220,000 loan to purchase a single-family property in Cape Coral, Florida. The borrower is planning to complete a renovation on the property that features 3 beds and 2 baths at 1,458 sq/ft on a 9,757 sq/ft lot. Borrower plans to complete the renovation and sell for a profit 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