Borrower requested a $155,000 loan to refinance a single-family property in Plantation, Florida. The borrower paid $600,000 for the property in January 2022, and is refinanced to pull cash out with the intent to renovate another investment properly owned The property features 3 beds and 2 baths at 1,787 sq/ft.
Collateral:
Type: New Construction
Description:
This is a $200,000 new construction loan request secured by a single-family new construction project in Tampa, FL. The subject property will feature 3 bedrooms and 2 bathrooms, a 1-car garage with 1,176 square feet of living space. The borrower plans to refinance the property as an exit to this loan.
- Loan Amount: $$200,000
- Date: May 2026
