Borrower requested a $250,000 refinance loan secured by a duplex. The subject property consists of 2,378 square feet of living area and features 6 bedrooms, 4 bathrooms, and 2 garage spaces. Each unit offers 3 bedrooms, 2 bathrooms, 1,189 square feet of living space, and a one-car garage. The borrower’s exit strategy use the sale proceeds to pay off 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
