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: Fix and Lease
Description:
This request is for a $160,000 refinance loan , secured by a quadplex located in Lakeland, FL. The property, built in 1954, consists of four 2-bedroom, 1-bathroom units, each approximately 600 sq. ft., totaling 2,400 sq. ft. of heated living area, with four separate electrical meters and individual water connections. Borrower preferred exit strategy is to refinance.
- Loan Amount: $160,000
- Date: December 2025
