Borrower requested a $225,000 loan to purchase a single-family property in Saint Petersburg, Florida. The property features 2 beds and 1 bath at 1212 sq/ft. The second collateral features 3 beds and 2 baths at 1,072 sq/ft. The borrower plans to lease the property as an annual rental after the renovation and refinance as an exit to 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
