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:
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
