The borrower has requested a $305,000 loan to refinance a single-family property located in St. Petersburg, Florida. The property consists of 4 bedrooms and 2 bathrooms, totaling 1,635 square feet. It recently underwent a complete interior remodel. The borrower intends to refinance the property as an exit strategy for the loan.
Collateral:
Type: Refinance
Description:
This is a $550,000 loan request to finance the construction of a single-family property in Cape Coral, Florida. The planned property includes two stories, four bedrooms, four bathrooms, a two-car garage, an executive office, an inground pool, and 3,199 square feet of living space on a canal with a boat dock providing access to the Gulf of Mexico. The borrower plans to refinance as the exit strategy for this loan.
- Loan Amount: $550,000
- Date: January 2025