Borrower requested a $180,000 loan to purchase a single-family property in Sulphur Springs, Florida. The borrower paid $240,000 for the property and has a $30,000 construction budget planned. The property features a main home with 4 beds and 2 baths at 1,441 sq/ft with an additional 250 sq/ft, 1 bed 1 bath dwelling at the rear.
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
