Borrower requested a $250,000 loan to refinance a new construction project of a duplex residence in Kissimmee, Florida. Each unit will feature 3 beds and 2 baths at 1,505 sq/ft each. The borrower plans to lease each unit upon completion and refinance as an exit to the loan.
Collateral:
Type: Refinance
Description:
This is a $200,000 refinance loan request for a single-family property located in Kissimmee, FL. The asset is a 3-bedroom, 2-bathroom home with a 1-car garage spanning 1,485 sq. ft. The borrower intends to exit the loan through a DSCR refinance.
- Loan Amount: $200,000
- Date: October 2024