Borrower requested a $280,000 loan to purchase a single-family property in Tampa, Florida, additionally pledging a free and clear property as collateral for the loan. The property features 3 beds and 1 bath at 864 sq/ft sitting on a 0.23 acre lot. Borrower plans to sell the property as an exit to the loan.
Collateral:
Type: Refinance
Description:
This request is for a $400,000 refinance loan secured by a single-family residence located in the Walden Lake Community in Plant City, Florida. The property features three bedrooms, five bathrooms, and an executive office that can also serve as an additional bedroom. The residence offers 4,444 square feet of living space on a 0.37-acre lot and is situated directly on a private golf course. Borrower exit strategy is to refinance into a DSCR loan after liquidating other investments.
- Loan Amount: $400,000
- Date: October 2025