Borrower requested a $110,000 loan to refinance a duplex in Palmetto, Florida. The property features two, 2 bedroom & 1 bathroom units totaling 1,296 sq/ft (4 units). The borrower plans to lease the property for an annual rental after the renovation and refinance as an exit to the loan.
Collateral:
Type: Refinance
Description:
This is a $100,000 refinance loan request secured by a single-family property located in Odessa, FL. The subject property, built in 2023, features 4 bedrooms, 3.5 bathrooms, and 3,038 square feet of living space. The exit strategy is the sale of the property
- Loan Amount: $100,000
- Date: April 2026
