Borrower requested a $125,000 loan to refinance a single-unit condominium located in Bradenton, Florida. The property features 2 beds and 2 baths at 1,030 sq/ft. The property is currently tenant occupied. The borrower is using the loan proceeds for another business venture and plans to refinance the property as an exit to this loan.
Collateral:
Type: Fix and Lease
Description:
Borrower requested a $1,319,000 loan to purchase a single-family property in Naples, Florida. The borrower is additionally pledging a free and clear property in Tampa Fl as collateral for the loan. The borrower will be selling the San Rafael property as an exit to the loan.
- Loan Amount: $1,319,000
- Date: November 2023