Borrower requested a $460,000 loan to purchase a 19.89 acre land parcel in Dade City, Florida. The secon collateral is a manufactured mobile home that features 4 bedrooms and 3.5 baths at 2,920 sq/ft on a 2.74-acre lot. The borrower plans to refinance as an exit to the loan.
Collateral:
Type: Refinance
Description:
This request is for a $550,000 refinance loan, secured by six free-and-clear properties. The collateral includes four condominium units located on Cyprus Drive in Palm Harbor, Florida, as well as two commercial properties in Winter Haven, Florida. Condominium units features one bedroom, one bathrooms, and are approximately 675 square feet, being operated as short term rentals. Borrower aims to refinance to DSCR loans as an exit to the DKC loan.
- Loan Amount: $550,000
- Date: October 2025