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: Fix and Lease
Description:
Borrower requested a $650,000 loan to purchase a single-family property in Tarpon Springs, Florida. The property being purchased features 2 beds and 2 baths at 2,188 sq/ft with a pool. The borrower is cross collateralizing another property in pristine condition, featuring 4 beds and 5 baths in 3,849 sq/ft with a pool. The borrower will be selling the property as an exit from the loan.
- Loan Amount: $650,000
- Date: March 2025