Borrower requested a $92,000 loan to purchase a condo in Saint Petersburg, Florida. The property features a 1 bedroom, 1 bathroom at 615 sq/ft with an assigned parking spot. The borrower plans on rehabbing and leasing the property as an annual rental and refinancing as an exit to the loan.
Collateral:
Type: Refinance
Description:
This is a $155,000 refinance loan request, secured by a single-family residence located in Jacksonville, Florida. The subject property is a 3-bedroom, 2-bathroom home with 1,545 square feet of living area, a 1-car garage and an inground pool. The borrower will list the property for sale as the exit strategy to repay the loan in full.
- Loan Amount: $155,000
- Date: September 2025
