Borrower requested a $4,800,000 loan to refinance a single-family property in Indian Creek, Florida (Billionaires Bunker). The property features 10 beds and 8 baths at 20,296 sq/ft sitting on a 1.82 acre lot. The borrower plans to liquidate a portion of their real estate portfolio to satisfy this mortgage.
Collateral:
Type: Refinance
Description:
Borrower requested a $155,000 loan to refinance a single-family property in Tampa, Florida. The property features 2 beds and 1 bath at 1,108 sq/ft, and is tenant occupied. The borrower is using proceeds to complete a build at a different location and will sell the other investment property to exit the loan.
- Loan Amount: $155,000
- Date: July 2024