Borrower requested a $85,000 loan to purchase/refinance a manufactured mobile home property in Lakeland, Florida. The borrower purchased the property in 2015 for $128,000 and needs to correct the purchase/deed transfer. The property is currently tenant occupied and renting for $1,600 a month. Additionally, there are 4 storage structures on the property.
Collateral:
Type: Refinance
Description:
Borrower requested a $150,000 loan to refinance a single-family property in Odessa, Florida. The property features 4 beds and 4 baths at 4,285 sq/ft. Borrower plans to use the proceeds of this loan to pay off debt and plans to list the property for sale as an exit to this loan.
- Loan Amount: $150,000
- Date: March 2024