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 is a $70,000 refinance loan request, secured by a single-family residence located in Panama City, Florida. The subject property was built in 1952 and consists of a 4-bedroom, 3-bathroom home with a one-car garage, totaling 2,416 square feet, along with an oversized detached garage, situated on one acre of land. Borrower exit strategy is to either retain the property as employee rental or sell the property.
- Loan Amount: $70,000
- Date: December 2025
