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: Refinance
Description:
Borrower requested a $200,000 refinance loan secured by a single-family residence in Tampa, Florida. Built in 1980, the property features 3 bedrooms, 2 bathrooms, and 1,562 square feet of living space situated on a 0.19-acre lot. Upon completion of the renovations, the borrower intends to refinance into a long-term DSCR loan as the exit strategy.
- Loan Amount: $200,000
- Date: August 2026
