Borrower requested a $245,000 loan to purchase a single-family property in Weeki Wachee, Florida. The borrower paid $350,000 for the property and will be performing minor cosmetic upgrades. The property features 3 beds and 2 baths at 1,732 sq/ft on a 1.41 acre lot. Borrower plans to lease the property as an annual rental 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
