Borrower requested a $50,000 loan to refinance a single-family property in South Tampa, Florida. The property features 2 beds and 1 bath at 1,026 sq/ft. The borrower intends to demolish the current home and build a new construction single-family property on the lot. The borrower plans to sell another flip property on the market as an exit to the loan.
Collateral:
Type: Refinance
Description:
This request is for a $110,000 refinance loan secured by a single-family residence located in Palmetto, Florida. The subject property was built in 2001 and consists of a 3-bedroom, 2-bathroom home with 1,060 square feet of living area and a one-car garage. Borrower will refinance as the loan’s exit strategy.
- Loan Amount: $110,000
- Date: January 2026
