Borrower requested a $325,000 loan to refinance a mixed-use property in Bradenton, Florida as well as a single-family residence in Palmetto, Florida. The Property features 2 retail units at 1,485 sq/ft. Borrower plans to lease the property for an annual rent 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