Borrower requested a $50,000 loan to refinance a single-family property in Tampa, Florida. The asset comprises 4 bedrooms and 2 bathrooms, totalling 1,884 square feet of living space. The borrower anticipates a liquidity event soon that would enable them to pay off the loan in cash as an exit to the loan.
Collateral:
Type: New Construction
Description:
This is a $255,000 new construction loan request for a duplex located in Lake Wales, FL. The proposed duplex will consist of two units, each featuring three bedrooms, two bathrooms, and approximately 1,005 square feet of living space, totaling six bedrooms, four bathrooms, and 2,010 square feet of combined living space. Borrower’s refinancing strategy is designed to manage debt and cash flow based on rental income.
- Loan Amount: $255,000
- Date: June 2025
