Borrower requested a $180,000 loan to refinance a single-family property in Deltona, Florida. The borrower plans on making upgrades to the property to improve its value and increase rent. The property features 4 beds and 2 baths at 1,448 sq/ft, and is currently leased as an annual rental and the borrower plans to refinance as an exit to the loan.
Collateral:
Type: Refinance
Description:
The borrower is requesting a $125,000 first-lien refinance secured by a vacant lakefront parcel located on Lakeside Dr.,Lutz, FL. The collateral consists of a 0.42-acre irregular-shaped unimproved lot with approximately 80 linear feet of direct frontage on a private ski lake. The borrower’s exit strategy is an o sale of the subject parcel.
- Loan Amount: $125,000
- Date: September 2026
