The borrower requested a $720,000 loan to refinance a single-family property located in Naples, Florida. Built in 2014, the home features 6 bedrooms, 4 bathrooms, 3,266 square feet of living area, a 2-car garage, and a screened-in inground pool situated on a 0.22-acre lot. The New York property is a brick multifamily asset originally built in 1905 and consists of three units: one 4-bedroom/1-bath unit, one 3-bedroom/1-bath unit, and one 2-bedroom/1-bath unit. The goal is to position to refinance into a conventional mortgage product in the future.
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
