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 $425,000 loan to begin construction on a single-family property in Lakeland, Florida. The property will feature 4 beds and 3 baths at 3,727 sq/ft. The target sale price for the completed property is estimated $1.1 million.
- Loan Amount: $425,000
- Date: September 2024