Borrower requested a $140,000 loan to refinance a single family property in Tampa, Fl. The borrower paid $220,000 for the property in June 2022 and has a $140,000 total construction budget planned. The property features 2 beds and 1 bath at a total 896 sq/ft. Borrower plans to rehab the property and then lease the property as a rental after the renovation and refinance as an exit to the loan.
Collateral:
Type: Refinance
Description:
Borrower requested a $130,000 loan to refinance a single-family property in Clearwater, Florida. The property features 3 beds and 2 baths at 1,858 sq/ft. The borrower has the property listed for sale and will sell the property as an exit to the loan.
- Loan Amount: $130,000
- Date: April 2024
