Borrower requested a $160,000 loan to purchase a single-family property located in Tampa, Florida. The borrower has a $30,000 construction budget planned, out of pocket, featuring a roof replacement and cosmetic updates. The property features 3 beds and 1 bath at 961 sq/ft.
Collateral:
Type: Refinance
Description:
This is a $60,000 refinance loan request secured by a free-and-clear single-family home located in Lehigh Acres, Florida. The subject property is a 3-bedroom, 1-bathroom residence offering 920 square feet of living space. The primary exit strategy for the loan is repayment through cash flow from business and secondary option is to refinance into a DSCR loan if additional time is needed.
- Loan Amount: $60,000
- Date: October 2025
