Borrower requested a $135,000 loan to refinance a single-family property in St. Petersburg, Florida. Borrower purchased the property for $42k in 2013, and has since fully remodelled the home, and lived in it. Borrower is now moving out of the home and plans to rent the property for an annual rental. The property features 2 beds and 2 baths at 1,318 sq/ft.
Collateral:
Type: New Construction
Description:
This is a $200,000 new construction loan request secured by a single-family new construction project in Tampa, FL. The subject property will feature 3 bedrooms and 2 bathrooms, a 1-car garage with 1,176 square feet of living space. The borrower plans to refinance the property as an exit to this loan.
- Loan Amount: $$200,000
- Date: May 2026
