The borrower has requested a $1,175,000 loan to refinance two single-family properties located in Palm Harbor, Florida. The properties feature 5 bedrooms, 4 bathrooms, 2,545 square feet, and 2 bedrooms and 2 bathrooms, 1,055 square feet. The borrower intends to refinance as an exit strategy for the loan but is also considering selling other real estate assets to satisfy the debt.
Collateral:
Type: Refinance
Description:
This is a $100,000 refinance loan request at 50% loan-to-value (LTV), secured by a Lake Worth, Florida condominium unit. The property has two bedrooms, two and a half bathrooms, and approximately 1,500 square feet of living space. Borrower plans to complete the renovation and exit the loan through a conventional property sale.
- Loan Amount: $100,000
- Date: June 2025