Borrower requested a $500,000 loan to refinance a single-family property in Pinellas
Park, Florida. The property features 4 beds and 3.5 baths at 2,812 sq/ft sitting on a 3/4 acre
lot. The borrower plans to use the funds to complete repairs on the property in preparation to list the property on Airbnb. Borrower plans to refinance as an exit from the loan.
Collateral:
Type: Fix and Lease
Description:
The borrower has requested a $242,000 loan to purchase a townhome in Wesley Chapel, Florida. The home was completed in 2025 and features 3 bedrooms, 2.5 bathrooms, and approximately 2,132 square feet of living space across two stories. The property also includes a two-car garage. As an exit strategy, borrower intends to refinance the property.
- Loan Amount: $242,000
- Date: June 2026
