Borrower requested a $140,000 loan to refinance a manufactured mobile home in St. Augustine FL. The property features 3 beds and 2 baths at 1,614 sq/ft. The borrower plans to lease the property as an annual rental after the renovation and refinance as an exit to the loan.
Collateral:
Type: Refinance
Description:
The borrower is requesting a $200,000 loan secured by a 3/2 single-family home. The borrower’s exit strategy is to refinance into a DSCR loan once the property has established rental history.
- Loan Amount: $200,000
- Date: June 2026
