The borrower requested a $238,000 loan for a single-family residence in Tampa, Florida. The property features a 2 bedroom, 1.5-bathroom home totalling 1,800 square feet with a one-car garage built in 1921. The borrowers are financially positioned to refinance the property if it does not sell at their projected price point of $600,000 or higher.
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