Borrower requested a $35,000 loan to purchase a manufactured mobile home property in Summerfield, Florida. The borrower paid $75,000 for the property and has planned to lease the property for an annual rental as soon as the purchase is complete. Property is currently move in ready.
Collateral:
Type: Refinance
Description:
This is a $70,000 refinance loan request, secured by a single-family residence located in Panama City, Florida. The subject property was built in 1952 and consists of a 4-bedroom, 3-bathroom home with a one-car garage, totaling 2,416 square feet, along with an oversized detached garage, situated on one acre of land. Borrower exit strategy is to either retain the property as employee rental or sell the property.
- Loan Amount: $70,000
- Date: December 2025
