Borrower requested a $78,000 loan to purchase a manufactured mobile home property in Hudson, Florida. The borrower paid $157,000 for the property and has a $40,000 construction budget planned. The property is on stilts, raised out of the flood zone per new county code. Borrower plans to lease this property as a short term rental after the renovation is complete.
Collateral:
Type: Refinance
Description:
Borrower requested a $130,000 loan to refinance a single-family property in Clearwater, Florida. The property features 3 beds and 2 baths at 1,858 sq/ft. The borrower has the property listed for sale and will sell the property as an exit to the loan.
- Loan Amount: $130,000
- Date: April 2024
