This is a $170,000 loan request for a 10-acre working farm ranch located in Brooksville, FL. The first manufactured home, built in 2000, is in well-maintained condition and features 3 bedrooms and 2 bathrooms. It covers 1,152 square feet. The second manufactured home, built in 1989, has 3 bedrooms and 2 bathrooms and covers a total area of 910 square feet. The mobile home, built in 1995, similarly has three bedrooms and two bathrooms and covers a living space of 784 square feet. The borrower is positioned to refinance as the exit strategy for the loan.
Collateral:
Type: Refinance
Description:
The borrower requested a $300,000 loan to refinance the property located at Larry Rd, Spring Hill, FL. This property has 2 manufactured homes retired to the land. The borrower is pledging additional collateral located at 60th St, Tampa, FL. The borrower has proven liquidity and plans to repay this loan at maturity.
- Loan Amount: $300,000
- Date: March 2025