This is a $160,000 refinance loan request secured by a single-family residence located in Lakeland, Florida. The home consists of three bedrooms, two bathrooms, and 1,457 square feet of living area, situated on a 0.16-acre lot, and includes a detached accessory dwelling unit (ADU) with a separate entrance intended for rental use. Borrower primary exit strategy is a DSCR refinance.
Collateral:
Type: New Construction
Description:
Borrower requested a $110,000 loan to complete construction of a single-family property in Lehigh, Florida. The property features 4 bedrooms and 3 bathrooms, 2,152 square feet of living space, and a 2-car garage on a 0.25-acre lot. Borrower plans to lease the property for an annual rental after the renovation and refinance as an exit to the loan.
- Loan Amount: $110,000
- Date: July, 2026
