Borrower requested a $215,000 loan to purchase a single-family property in Tampa, Florida. Borrower paid $154,000 for the new property and has a $50,000 construction budget planned, while additionally pledging a cashflowing investment property that has 3 units for a combined rental of $3,250 / month as collateral to the loan.
Collateral:
Type: Fix and Lease
Description:
The borrower has requested a $242,000 loan to purchase a townhome in Wesley Chapel, Florida. The home was completed in 2025 and features 3 bedrooms, 2.5 bathrooms, and approximately 2,132 square feet of living space across two stories. The property also includes a two-car garage. As an exit strategy, borrower intends to refinance the property.
- Loan Amount: $242,000
- Date: June 2026
