Borrower requested a $135,000 loan to refinance 2 manufactured mobile home parcels in
Land O’Lakes, Florida. The property at Henry Dr was purchased in 2018 and features 2 beds and 2 baths at 1,140 sq/ft, and the property located on Dove Rd was purchased in 2017 and features 2 beds and 1.5 baths at 946 sq/ft. Both properties are leased as annual rentals.
Collateral:
Type: Refinance
Description:
This is a $150,000 refinance loan request secured by a single-family residence located in Tampa, Florida. The subject property includes three bedrooms, two bathrooms, and approximately 1,200 square feet of living space. The borrower plans to refinance into a DSCR loan as an exit from the loan.
- Loan Amount: $150,000
- Date: May 2025
