Borrower requested a $56,000 loan to purchase an $80,000, 3 bed 2 bath, single-family home in Ocala Florida. The property is set to undergo a $45,000 remodel, including a new roof and AC replacement along with a full cosmetic remodel, before being sold for a profit.
Collateral:
Type: Refinance
Description:
Borrower requested a $200,000 refinance loan secured by a single-family residence in Tampa, Florida. Built in 1980, the property features 3 bedrooms, 2 bathrooms, and 1,562 square feet of living space situated on a 0.19-acre lot. Upon completion of the renovations, the borrower intends to refinance into a long-term DSCR loan as the exit strategy.
- Loan Amount: $200,000
- Date: August 2026
