Borrower requested a $240,000 loan to refinance a multi-family property (duplex) in Tampa, Florida. The property features 2 units, each featuring 3 beds and 1 bath at 936 sq/ft (1,872 sq/ft total). Borrower is keeping the property as a long-term rental, and is using the loan proceeds to purchase another investment property.
Collateral:
Type: New Construction
Description:
This is a $380,000 new construction loan request for a single-family property located in St. Augustine, FL. The home will feature 3 bedrooms, 2.5 bathrooms, and an office that can serve as an additional bedroom, with a total of 2,256 square feet of living space. The borrower will refinance the subject property if the builds and the sales take longer than anticipated.
- Loan Amount: $380,000
- Date: December 2024