Borrower requested a $285,000 loan to purchase a single-family property in Tampa, Florida. The borrower is paying $489,00 for the property. The property features 2 beds and 1.5 baths at 1,588 sq/ft on a 1.2 acre lot. Borrower plans to lease the property for an annual rental and refinance into a DSCR loan as an exit to the loan.
Collateral:
Type: Refinance
Description:
The borrower is requesting a $200,000 loan secured by a 3/2 single-family home. The borrower’s exit strategy is to refinance into a DSCR loan once the property has established rental history.
- Loan Amount: $200,000
- Date: June 2026
