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 is a $200,000 refinance loan request for a single-family property located in Kissimmee, FL. The asset is a 3-bedroom, 2-bathroom home with a 1-car garage spanning 1,485 sq. ft. The borrower intends to exit the loan through a DSCR refinance.
- Loan Amount: $200,000
- Date: October 2024