Borrower requested a $180,000 loan, to purchase a commercial property in South Tampa, Florida. The borrower paid $420,000 for the property and sold another double lot in south tampa for $255,000 simultaneously and used proceeds from the other sale as a down payment. Borrower plans to use the property for his business equipment and refinance to long term debt as an exit to the loan.
Collateral:
Type: Refinance
Description:
Borrower is requesting a $325,000 loan secured by a single-family property in Tampa, Florida. The property features 9 bedrooms, 5 bathrooms, 4,010 heated square feet, and sits on a 16,496-square-foot lot while being rented for $9,000 per month. The borrower plans to refinance the loan as exit strategy.
- Loan Amount: $325,000
- Date: September 2026
