Borrower requested an $80,000 loan to refinance a condo property in Lauderdale Lakes, Florida. The property features 2 beds and 2 baths at 1,088 sq/ft. The borrower plans to use the proceeds of this loan to make minor updates to the property and refinance as an exit to the loan.
Collateral:
Type: Refinance
Description:
This request is for a $400,000 refinance loan secured by a single-family residence located in the Walden Lake Community in Plant City, Florida. The property features three bedrooms, five bathrooms, and an executive office that can also serve as an additional bedroom. The residence offers 4,444 square feet of living space on a 0.37-acre lot and is situated directly on a private golf course. Borrower exit strategy is to refinance into a DSCR loan after liquidating other investments.
- Loan Amount: $400,000
- Date: October 2025