Borrower requested a $90,000 loan to refinance a manufactured mobile home in St James City, Florida. The property features 2 beds and 2 baths at 1,134 sq/ft. The property is currently in the middle of being remodeled. The borrower will use the cash out to complete the rehab of this property and lease for an annual rental and refinance as an exit to the loan.
Collateral:
Type: Refinance
Description:
This request is for a $110,000 refinance loan secured by a single-family residence located in Palmetto, Florida. The subject property was built in 2001 and consists of a 3-bedroom, 2-bathroom home with 1,060 square feet of living area and a one-car garage. Borrower will refinance as the loan’s exit strategy.
- Loan Amount: $110,000
- Date: January 2026
