Borrower requested a $96,000 loan to purchase an MFMH property in Dade City, Florida. The manufactured home has 3 bedrooms and 2 baths at 1,440 sq/ft on a 2.5-acre lot. The borrower plans to complete the property renovation and lease the property before refinancing 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
