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:
This request is for a $110,000 refinance loan secured by a single-family residence located in Palmetto, Florida. The subject property was built in 2001 and consists of a 3-bedroom, 2-bathroom home with 1,060 square feet of living area and a one-car garage. Borrower will refinance as the loan’s exit strategy.
- Loan Amount: $110,000
- Date: January 2026
