Borrower requested a $230,000 loan to refinance a single-family property in Cape Coral, FL. The home features 4 bedrooms, 3 bathrooms, 1,993 square feet of living space, and an in-ground pool with a birdcage enclosure. Upon completion of renovations, the borrower plans to rent the property and then refinance as the exit strategy.
Collateral:
Type: Refinance
Description:
The borrower is requesting a $125,000 first-lien refinance secured by a vacant lakefront parcel located on Lakeside Dr.,Lutz, FL. The collateral consists of a 0.42-acre irregular-shaped unimproved lot with approximately 80 linear feet of direct frontage on a private ski lake. The borrower’s exit strategy is an o sale of the subject parcel.
- Loan Amount: $125,000
- Date: September 2026
