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: Fix and Lease
Description:
Borrower requested a $650,000 loan to purchase a single-family property in Tarpon Springs, Florida. The property being purchased features 2 beds and 2 baths at 2,188 sq/ft with a pool. The borrower is cross collateralizing another property in pristine condition, featuring 4 beds and 5 baths in 3,849 sq/ft with a pool. The borrower will be selling the property as an exit from the loan.
- Loan Amount: $650,000
- Date: March 2025