Borrower requested a $110,000 loan to refinance a manufactured mobile home that sits on 1.69 acres in Zephyrhills, Fl. The borrower paid $210,000 for the property in 2022 and plans to build their new construction residential home on the land. The borrower plans to refinance in 30-90 days with a construction to permanent loan, using the closing funds to get past the slab stage to qualify for the loan.
Collateral:
Type: Refinance
Description:
This request is for a $110,000 refinance loan secured by a single-family residence located in Palmetto, Florida. The subject property was built in 2001 and consists of a 3-bedroom, 2-bathroom home with 1,060 square feet of living area and a one-car garage. Borrower will refinance as the loan’s exit strategy.
- Loan Amount: $110,000
- Date: January 2026
