Borrower requested a $140,000 loan to purchase a single-family property in Sarasota, Florida. The borrower paid $338,000 for the property and has a $70,000 construction budget planned. Borrower plans to list the property himself once construction is complete.
Collateral:
Type: Refinance
Description:
The borrower requested a $300,000 loan to refinance the property located at Larry Rd, Spring Hill, FL. This property has 2 manufactured homes retired to the land. The borrower is pledging additional collateral located at 60th St, Tampa, FL. The borrower has proven liquidity and plans to repay this loan at maturity.
- Loan Amount: $300,000
- Date: March 2025