Borrower requested a $40,000 loan to purchase a single-family property in Tallahassee, Florida. The property features 3 beds and 2 baths at 940 sq/ft sitting on a 5,227 sq/ft lot. The borrower plans to list the property for sale after the renovation is complete as an exit to this 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