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:
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
