Borrower requested a $120,000 loan to refinance a 1 acre parcel that features 2 single-family properties in Lakeland, Florida. The borrower paid $180,000 for the property in January 2022. Structure 1 features 2 beds and 1 bath at 912 sq/ft, and structure 2 features 1 bed, 1 bat at 552 sq/ft. Borrower plans split the parcel in 2, and then list the property for sale as an exit to the loan.

Borrower requested a $240,000 refinance loan to complete two new construction projects in Fort Pierce, Florida. The borrower has been self funding the project to date and has completed 60% as of 2/10/23. The Deleon property will feature 4 beds and 2 baths at 2,010 sq/ft and the Melton property features 3 beds and 2 baths at 1,573 sq/ft. Borrower plans to list the properties for sale as an exit to the loan.