Borrower requested a $300,000 loan to purchase a condo in Clearwater, Florida. The property features 2 beds and 2 baths at 1,260 sq/ft with a waterfront view and was built in 1974. The borrower plans to lease the property as a rental and refinance as an exit to the loan.
Collateral:
Type: Refinance
Description:
This request is for a $400,000 refinance loan secured by a single-family residence located in the Walden Lake Community in Plant City, Florida. The property features three bedrooms, five bathrooms, and an executive office that can also serve as an additional bedroom. The residence offers 4,444 square feet of living space on a 0.37-acre lot and is situated directly on a private golf course. Borrower exit strategy is to refinance into a DSCR loan after liquidating other investments.
- Loan Amount: $400,000
- Date: October 2025