Borrower requested a $1.8M loan to refinance a luxury apartment in Sunny Isles, Florida. The property features 4 beds and 5 baths at 3,171 sq/ft. Additionally, the borrower is pledging two condos in Maryland as collateral for this loan. Borrower plans to secure bank financing to refinance as an exit to the loan.
Collateral:
Type: Refinance
Description:
Borrower requested a $200,000 refinance loan secured by a single-family residence in Tampa, Florida. Built in 1980, the property features 3 bedrooms, 2 bathrooms, and 1,562 square feet of living space situated on a 0.19-acre lot. Upon completion of the renovations, the borrower intends to refinance into a long-term DSCR loan as the exit strategy.
- Loan Amount: $200,000
- Date: August 2026
