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:
Borrower requested a $165,000 new construction refinance for a single-family home located in Lake Wales, FL. The property is designed as a three-bedroom, two-bathroom home with a two-car garage, totaling 1,333 square feet. The borrower’s exit strategy is to refinance into a DSCR loan once the property reaches certificate of occupancy.
- Loan Amount: $165,000
- Date: May 2025