The borrower requested a $162,000 loan to purchase a manufactured property in West Palm Beach, Florida. The property features 2 beds and 2 baths at 970 sq/ft and comes with an additional lot where a garage has been built. The borrower plans to lease the property for an annual rental after the renovation and refinance as an exit to the loan.
Collateral:
Type: Refinance
Description:
Borrower is requesting a $325,000 loan secured by a single-family property in Tampa, Florida. The property features 9 bedrooms, 5 bathrooms, 4,010 heated square feet, and sits on a 16,496-square-foot lot while being rented for $9,000 per month. The borrower plans to refinance the loan as exit strategy.
- Loan Amount: $325,000
- Date: September 2026
