Borrower requested a $1,500,000 loan to purchase a quadruplex in Treasure Island, Fl. The borrower paid $2,500,000 for the property that features 4 total units that each feature 1 bed and 1 bath at 510 sq/ft. The units are within walking distance to the beach and the borrower plans to lease these as long term rentals.
Collateral:
Type: New Construction
Description:
Borrower requested a $165,000 loan to refinance a new construction single-family property in Fort Lauderdale, Florida. The property will feature 3 beds and 2 baths at 1,490 sq/ft with a 430 sq/ft two-car garage. The borrower plans to sell the property as an exit to the loan.
- Loan Amount: $165,000
- Date: April 2024
