The borrower requested a $125,000 loan to purchase a single-family property in Tampa, Florida. The property features 3 beds and 2 baths at 1,737 sq/ft on a 7,900 sq/ft lot. The borrower plans to lease the property for an annual rental and refinance on a DSCR program as an exit to the loan.
Collateral:
Type: Refinance
Description:
This request is for a $110,000 refinance loan secured by a single-family residence located in Palmetto, Florida. The subject property was built in 2001 and consists of a 3-bedroom, 2-bathroom home with 1,060 square feet of living area and a one-car garage. Borrower will refinance as the loan’s exit strategy.
- Loan Amount: $110,000
- Date: January 2026
