The borrower requested a $380,000 refinance loan for a single-family property located in Spring Hill, FL. The borrower’s long-term strategy is to refinance with a DSCR loan product as an exit to this loan.
Collateral:
Type: Fix and Flip
Description:
This is a $305,000 acquisition (land) loan secured by a tear-down single- family property located in Clearwater Beach, Florida. The subject property sits on a 0.16-acre lot (7,083 square feet) in a flood zone. The primary exit strategy for this loan is to build and sell a new construciton property.
- Loan Amount: $305,000
- Date: January 2026
