Borrower requested a $320,000 loan to refinance a new construction property in Lakeland, Florida. The new property will feature 3 beds and 3 baths at 2,498 sq/ft. The borrower will refinance or sell depending on the market conditions at the time of completion.
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
