Borrower requested a $85,000 loan to purchase/refinance a manufactured mobile home property in Lakeland, Florida. The borrower purchased the property in 2015 for $128,000 and needs to correct the purchase/deed transfer. The property is currently tenant occupied and renting for $1,600 a month. Additionally, there are 4 storage structures on the property.
Collateral:
Type: Refinance
Description:
Borrower requested a $130,000 loan to refinance a single-family property in Clearwater, Florida. The property features 3 beds and 2 baths at 1,858 sq/ft. The borrower has the property listed for sale and will sell the property as an exit to the loan.
- Loan Amount: $130,000
- Date: April 2024
