Borrower requested a $150,000 loan, to purchase a single-family property in Weeki Wachee, Florida. The borrower paid $275,000 for the property and has a $25,000 construction budget planned that is primarily cosmetic upgrades. Borrower plans to lease the property for as an airbnb rental after the renovation and refinance as an exit to the loan
Collateral:
Type: Refinance
Description:
This request is for a $60,000 refinance loan secured by a condominium property located in Zephyrhills, Florida. The collateral is a 2-bedroom, 2-bathroom unit with total 876 square feet. Borrower exit strategy for this loan is to sell the Zephyrhills property upon expiration of the lease.
- Loan Amount: $60,000
- Date: October 2025
