This is a $150,000 refinance loan request, with $130,000 to be disbursed at closing, secured by a newly installed manufactured mobile home located in Crystal River, Florida. The borrower has installed a brand-new 4-bedroom, 2-bathroom mobile home totaling 1,768 square feet on a 0.24-acre lot. Upon Completion of the septic tank, the borrower plans to list the property for sale and may pursue refinancing as a secondary exit strategy.
Collateral:
Type: Fix and Lease
Description:
This request is for a $160,000 refinance loan , secured by a quadplex located in Lakeland, FL. The property, built in 1954, consists of four 2-bedroom, 1-bathroom units, each approximately 600 sq. ft., totaling 2,400 sq. ft. of heated living area, with four separate electrical meters and individual water connections. Borrower preferred exit strategy is to refinance.
- Loan Amount: $160,000
- Date: December 2025
