Borrower requested a $262,000 loan to purchase a fully occupied, 4 unit property featuring 2 duplex units in Ocala, Florida. The borrower paid $350,000 for the property and will be inheriting 4 leases for a combined $3,200/month. Each duplex unit features 2 bed and 1 bath, for a combined 1,516 sq/ft. Borrower plans to exit the loan with a bank refinance and hold the rentals long term.
Collateral:
Type: Refinance
Description:
This is a $60,000 refinance loan request secured by a free-and-clear single-family home located in Lehigh Acres, Florida. The subject property is a 3-bedroom, 1-bathroom residence offering 920 square feet of living space. The primary exit strategy for the loan is repayment through cash flow from business and secondary option is to refinance into a DSCR loan if additional time is needed.
- Loan Amount: $60,000
- Date: October 2025
