Borrower is a wholesaler and experienced investor and requested a $66,500 loan to purchase a single family home in Lakeland Florida. The borrower’s purchase price is $95,000 and they have plans for a cosmetic renovation before selling for a profit.
Collateral:
Type: Refinance
Description:
This is a $150,000 refinance loan request secured by a single-family residence located in Tampa, Florida. The subject property includes three bedrooms, two bathrooms, and approximately 1,200 square feet of living space. The borrower plans to refinance into a DSCR loan as an exit from the loan.
- Loan Amount: $150,000
- Date: May 2025