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: Refinance
Description:
This is a $155,000 refinance loan request, secured by a single-family residence located in Jacksonville, Florida. The subject property is a 3-bedroom, 2-bathroom home with 1,545 square feet of living area, a 1-car garage and an inground pool. The borrower will list the property for sale as the exit strategy to repay the loan in full.
- Loan Amount: $155,000
- Date: September 2025
