This is a $100,000 refinance loan request, with an initial disbursement of $60,000 at closing, secured by a single-family residence in Plant City, Florida. The property, built in 1982, is a 2-bedroom, 1-bathroom home with 912 square feet on a 0.68-acre lot. Borrower’s exit strategy is to list the property for sale.
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
