Borrower requested a $360,000 loan to purchase a townhome property in Indian Rocks Beach, Florida. The property is a 1,412 sq. ft. 2-bedroom, 2-bathroom residence with an additional 675 sq. ft. of storage space. The borrowers additionally pledged free and clear collateral to the loan, and plan to refinance as an exit to the loan.
Collateral:
Type: Fix and Lease
Description:
Borrower requested a $650,000 loan to purchase a single-family property in Tarpon Springs, Florida. The property being purchased features 2 beds and 2 baths at 2,188 sq/ft with a pool. The borrower is cross collateralizing another property in pristine condition, featuring 4 beds and 5 baths in 3,849 sq/ft with a pool. The borrower will be selling the property as an exit from the loan.
- Loan Amount: $650,000
- Date: March 2025