Borrower requested a $250,000 loan to refinance a single-family property in Gulfport, Florida. The borrower has an extensive rehab budget planned, and the property features 3 beds and 1 bath at 1,027 sq/ft. The borrower plans to complete the renovation, lease the property and refinance as an exit to the loan.
Collateral:
Type: Refinance
Description:
This request is for a $110,000 refinance loan secured by a single-family residence located in Palmetto, Florida. The subject property was built in 2001 and consists of a 3-bedroom, 2-bathroom home with 1,060 square feet of living area and a one-car garage. Borrower will refinance as the loan’s exit strategy.
- Loan Amount: $110,000
- Date: January 2026
