Borrower requested an $85,000 loan to refinance a manufactured mobile home property in Dover, Florida. The property features 2 manufactured homes, the first featuring 4 beds and 2 baths at 1,512 sq/ft and the 2nd features 2 beds, 1 bath at 900 sq/ft.
Collateral:
Type: Refinance
Description:
This is a $60,000 refinance loan request secured by a free-and-clear single-family home located in Lehigh Acres, Florida. The subject property is a 3-bedroom, 1-bathroom residence offering 920 square feet of living space. The primary exit strategy for the loan is repayment through cash flow from business and secondary option is to refinance into a DSCR loan if additional time is needed.
- Loan Amount: $60,000
- Date: October 2025
