Borrower requested a $125,000 loan to refinance a single-unit condominium located in Bradenton, Florida. The property features 2 beds and 2 baths at 1,030 sq/ft. The property is currently tenant occupied. The borrower is using the loan proceeds for another business venture and plans to refinance the property as an exit to this loan.
Collateral:
Type: Refinance
Description:
The borrower is requesting a $200,000 loan secured by a 3/2 single-family home. The borrower’s exit strategy is to refinance into a DSCR loan once the property has established rental history.
- Loan Amount: $200,000
- Date: June 2026
