Borrower requested a $200,000 loan to refinance a triplex property located in Clearwater, Florida. The subject property consists of 2,897 square feet of living space situated on a 0.16-acre lot. It includes one 2-bedroom, 1.5-bathroom unit and two 1-bedroom, 1-bathroom units. Upon completion of the renovation, the borrower plans to sell as an exit to the loan.
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
