Borrower requested a $170,000 loan to perform a cash out refinance on a free and clear property in Tampa, Florida. The borrower is using the cash to purchase another investment property, and has recently completed a full remodel on the collateralized property.
Collateral:
Type: Refinance
Description:
Borrower requested a $150,000 loan to refinance a single-family property in Odessa, Florida. The property features 4 beds and 4 baths at 4,285 sq/ft. Borrower plans to use the proceeds of this loan to pay off debt and plans to list the property for sale as an exit to this loan.
- Loan Amount: $150,000
- Date: March 2024