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: Fix and Lease
Description:
Borrower requested a $150,000 loan to purchase a manufactured property in Tampa, Florida. The manufactured home was built in 2017 and features 3 beds and 2 baths at 1,512 sq/ft sitting on a 1.24 acre lot. Borrower intends to refinance the loan.
- Loan Amount: $150,000
- Term: 1 Year
- Date: March 2023