Borrower requested a $35,000 loan to refinance a single-family property in Pensacola, Florida. The borrower purchased the lot in 2022 and has since constructed a single-family residence, currently in the drywall stage. The property features 4 beds and 2.5 baths at 2,515 sq/ft. The borrower plans to refinance the property as an exit to the loan.
Collateral:
Type: Fix and Lease
Description:
Borrower requested a $1,319,000 loan to purchase a single-family property in Naples, Florida. The borrower is additionally pledging a free and clear property in Tampa Fl as collateral for the loan. The borrower will be selling the San Rafael property as an exit to the loan.
- Loan Amount: $1,319,000
- Date: November 2023