Borrower requested a $50,000 loan to purchase a $91,900 property in Zephyrhills, Florida that features both a manufactured home & single family structure on the lot. The property is set to undergo a $34,000 remodel that the borrower is using their personal capital to perform.
Collateral:
Type: Refinance
Description:
This is a $100,000 refinance loan request at 50% loan-to-value (LTV), secured by a Lake Worth, Florida condominium unit. The property has two bedrooms, two and a half bathrooms, and approximately 1,500 square feet of living space. Borrower plans to complete the renovation and exit the loan through a conventional property sale.
- Loan Amount: $100,000
- Date: June 2025