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: Refinance
Description:
This is a $155,000 refinance loan request, secured by a single-family residence located in Jacksonville, Florida. The subject property is a 3-bedroom, 2-bathroom home with 1,545 square feet of living area, a 1-car garage and an inground pool. The borrower will list the property for sale as the exit strategy to repay the loan in full.
- Loan Amount: $155,000
- Date: September 2025
