This is a $120,000 refinance loan request secured by a free-and-clear single-family residence located in Lakeland, Florida. The property was built in 1972 and consists of three bedrooms, two bathrooms, and approximately 1,624 square feet of living space, situated on a 0.35-acre lot with a two-car garage. The borrower is completing this refinance as an exit strategy, with the intent to transition into a DSCR 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
