The borrower requested a $360,000 refinance loan for a duplex located in Fort Lauderdale, Florida. The building comprises two units, each offering three bedrooms, 2.5 bathrooms, and 1,448 square feet of living space. The borrower can refinance as an exit strategy but may also consider selling the property depending on the price the market will generate.
Collateral:
Type: Fix and Lease
Description:
Borrower requested a $650,000 loan to purchase a single-family property in Tarpon Springs, Florida. The property being purchased features 2 beds and 2 baths at 2,188 sq/ft with a pool. The borrower is cross collateralizing another property in pristine condition, featuring 4 beds and 5 baths in 3,849 sq/ft with a pool. The borrower will be selling the property as an exit from the loan.
- Loan Amount: $650,000
- Date: March 2025