Borrower requested a $300,000 loan to refinance a condo in Clearwater, Florida. The property features 2 beds and 2 baths at 1,260 sq/ft and was built in 1974. The property is currently rented out on an annual basis, but will soon be converted to a short-term rental.
Collateral:
Type: Refinance
Description:
This is a $60,000 refinance loan request secured by a free-and-clear single-family home located in Lehigh Acres, Florida. The subject property is a 3-bedroom, 1-bathroom residence offering 920 square feet of living space. The primary exit strategy for the loan is repayment through cash flow from business and secondary option is to refinance into a DSCR loan if additional time is needed.
- Loan Amount: $60,000
- Date: October 2025
