Borrower requested a $175,000 loan to purchase a single-family property in Fort Myers, Florida. The property features 3 beds and 2 baths at 2,033 sq/ft. The property is currently tenant-occupied on an annual lease. The borrower plans to keep the property as a rental and then refinance as an exit to the loan.
Collateral:
Type: Refinance
Description:
The borrower is requesting a $200,000 loan secured by a 3/2 single-family home. The borrower’s exit strategy is to refinance into a DSCR loan once the property has established rental history.
- Loan Amount: $200,000
- Date: June 2026
