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 $400,000 refinance loan secured by a single-family residence located in the Walden Lake Community in Plant City, Florida. The property features three bedrooms, five bathrooms, and an executive office that can also serve as an additional bedroom. The residence offers 4,444 square feet of living space on a 0.37-acre lot and is situated directly on a private golf course. Borrower exit strategy is to refinance into a DSCR loan after liquidating other investments.
- Loan Amount: $400,000
- Date: October 2025