Borrower requested a $75,000 loan to purchase a condominium in Temple Terrace, Florida. The borrower paid $140,000 for the property and has a $15,000 construction budget planned. The property features 1 bed and 1 bath at 754 sq/ft. Borrower plans to lease the property for as an annual rental after the renovation and refinance as an exit to the loan.
Collateral:
Type: Refinance
Description:
Borrower requested a $125,000 loan to refinance a single-family property located in Deltona,
Florida. The property features 4 beds and 2 baths at 1,668 sq/ft. The property is currently leased as an annual rental. Borrower plans to refinance as an exit to the loan.
- Loan Amount: $125,000
- Date: September 2023
