Borrower requested a $75,000 loan to purchase a single-family property in Port Charlotte, Florida. The property features 2 beds and 1 bath at 768 sq/ft sitting on a 0.17 acre lot. Borrower plans to either sell the property or refinance and hold the asset long term as an exit to the loan.
Collateral:
Type: Refinance
Description:
Borrower requested a $155,000 loan to refinance a single-family property in Tampa, Florida. The property features 2 beds and 1 bath at 1,108 sq/ft, and is tenant occupied. The borrower is using proceeds to complete a build at a different location and will sell the other investment property to exit the loan.
- Loan Amount: $155,000
- Date: July 2024