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 $70,000 refinance loan request, secured by a single-family residence located in Panama City, Florida. The subject property was built in 1952 and consists of a 4-bedroom, 3-bathroom home with a one-car garage, totaling 2,416 square feet, along with an oversized detached garage, situated on one acre of land. Borrower exit strategy is to either retain the property as employee rental or sell the property.
- Loan Amount: $70,000
- Date: December 2025
