Borrower requested a $170,000 loan to perform a cash out refinance on a free and clear property in Tampa, Florida. The borrower is using the cash to purchase another investment property, and has recently completed a full remodel on the collateralized property.
Collateral:
Type: Fix and Lease
Description:
This request is for a $160,000 refinance loan , secured by a quadplex located in Lakeland, FL. The property, built in 1954, consists of four 2-bedroom, 1-bathroom units, each approximately 600 sq. ft., totaling 2,400 sq. ft. of heated living area, with four separate electrical meters and individual water connections. Borrower preferred exit strategy is to refinance.
- Loan Amount: $160,000
- Date: December 2025
