The borrower requested a $292,000 loan to refinance a newly built single-family property in Palm Bay, Florida. The property features 5 beds and 3 baths at 4,019 sq/ft. The borrower plans to refinance to a DSCR program 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
