This is a $250,000 loan request for a condo in the luxurious Grand Central at Kennedy complex in Channelside, downtown Tampa, Florida. The subject property, Unit 821, is a 2-bedroom, 1-bathroom unit with 1,050 square feet. The borrower plans to refinance into a DSCR loan as the primary exit strategy.
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