Borrower requested a $350,000 loan to purchase a single-family property in Tampa, Florida. The property currently features 2 beds and 2 baths at 1,260 sq/ft on a 7,800 sq/ft lot. Borrower plans to refinance into a construction to perm loan for the construction financing once the permit is approved by the city.
Collateral:
Type: Refinance
Description:
This is a $60,000 refinance loan request secured by a free-and-clear single-family home located in Lehigh Acres, Florida. The subject property is a 3-bedroom, 1-bathroom residence offering 920 square feet of living space. The primary exit strategy for the loan is repayment through cash flow from business and secondary option is to refinance into a DSCR loan if additional time is needed.
- Loan Amount: $60,000
- Date: October 2025
