Borrower requested a $875,000 loan to purchase a warehouse in Jacksonville, Florida. The borrower paid $525,000 for the property while also pledging 4 additional single family properties and 1 large warehouse. Borrower plans to rehab the property and lease the property 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
