The borrower requested a $1.2M loan to refinance a single-family property and a vacant piece of land in North Miami, Florida. The single-family property features 7 bedrooms, 4 bathrooms, and 4,534 square feet of living space. The borrower is planning to renovate the SFR 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
