Borrower requested a $1,000,000 loan to refinance a new construction, single-family property in Odessa, Florida. The property features 4 beds and 4.5 baths at 4,190 sq/ft sitting on a 2.66 acre lot. Borrower plans to lease the property before listing for sale as an exit to the loan.
Collateral:
Type: Refinance
Description:
Borrower is requesting a $325,000 loan secured by a single-family property in Tampa, Florida. The property features 9 bedrooms, 5 bathrooms, 4,010 heated square feet, and sits on a 16,496-square-foot lot while being rented for $9,000 per month. The borrower plans to refinance the loan as exit strategy.
- Loan Amount: $325,000
- Date: September 2026
