Borrower requested a $180,000 loan, to purchase a commercial property in South Tampa, Florida. The borrower paid $420,000 for the property and sold another double lot in south tampa for $255,000 simultaneously and used proceeds from the other sale as a down payment. Borrower plans to use the property for his business equipment and refinance to long term debt 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
