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 requested a $200,000 refinance loan secured by a single-family residence in Tampa, Florida. Built in 1980, the property features 3 bedrooms, 2 bathrooms, and 1,562 square feet of living space situated on a 0.19-acre lot. Upon completion of the renovations, the borrower intends to refinance into a long-term DSCR loan as the exit strategy.
- Loan Amount: $200,000
- Date: August 2026
