Borrower requested a refinance on a property portfolio that consisted of 3 single-family homes, and 1 lot in Tarpon Springs, each with their respective strategies for renovation, rental, sale, or new construction.
Collateral:
Type: Refinance
Description:
Borrower is secured by four properties: a luxury condominium in Miami, FL; a single-family home in Roswell, GA; and two properties in Greenwood, SC—a commercial building and a single-family home. The borrower intends to refinance the loan using a DSCR (Debt Service Coverage Ratio) product.
- Loan Amount: $1,050,000
- Date: November 2024