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: Refinance
Description:
Borrower requested a $200,000 refinance loan secured by a single-family residence in Tampa, Florida. Built in 1980, the property features 3 bedrooms, 2 bathrooms, and 1,562 square feet of living space situated on a 0.19-acre lot. Upon completion of the renovations, the borrower intends to refinance into a long-term DSCR loan as the exit strategy.
- Loan Amount: $200,000
- Date: August 2026
