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:
The borrower is requesting a $125,000 first-lien refinance secured by a vacant lakefront parcel located on Lakeside Dr.,Lutz, FL. The collateral consists of a 0.42-acre irregular-shaped unimproved lot with approximately 80 linear feet of direct frontage on a private ski lake. The borrower’s exit strategy is an o sale of the subject parcel.
- Loan Amount: $125,000
- Date: September 2026
