Borrower requested a $105,000 loan to refinance a single-family property in Eagle Lake, Florida to access equity to complete a renovation. The property features 3 beds and 1 bath at 796 sq/ft on a 5,53 sq/ft lot. After construction is complete, they plan to lease and refinance the property as an exit to the loan.
Collateral:
Type: Fix and Lease
Description:
This request is for a $160,000 refinance loan , secured by a quadplex located in Lakeland, FL. The property, built in 1954, consists of four 2-bedroom, 1-bathroom units, each approximately 600 sq. ft., totaling 2,400 sq. ft. of heated living area, with four separate electrical meters and individual water connections. Borrower preferred exit strategy is to refinance.
- Loan Amount: $160,000
- Date: December 2025
