The borrower has requested a $190,000 loan to purchase a single-family property in St. Petersburg, Florida. As collateral, the borrower is pledging a free-and-clear condominium unit located in Pinellas Park, FL. The condo features 2 bedrooms, 2 bathrooms, and 1,109 square feet of living area. The borrower’s exit strategy is to sell both properties.
Collateral:
Type: Refinance
Description:
The borrower is requesting a $200,000 loan secured by a 3/2 single-family home. The borrower’s exit strategy is to refinance into a DSCR loan once the property has established rental history.
- Loan Amount: $200,000
- Date: June 2026
