This is a $360,000 loan request secured by two single-family residential properties in Tampa, Florida, and St. Petersburg, Florida. The first property, is a 1,755-square-foot, three-bedroom, three-bathroom home built in 1951. The second property is a 994-square-foot, two-bedroom, one-bathroom home built in 1962. The borrower plans to renovate and sell both properties upon completion 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