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 $155,000 loan to refinance a single-family property in Tampa, Florida. The property features 2 beds and 1 bath at 1,108 sq/ft, and is tenant occupied. The borrower is using proceeds to complete a build at a different location and will sell the other investment property to exit the loan.
- Loan Amount: $155,000
- Date: July 2024
