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:
The borrower has requested an $850,000 loan for a multifamily quadplex located in Tampa, Florida. The property consists of two detached buildings, offering three 1-bedroom, 1-bath units and one 2-bedroom, 1-bath unit totaling 1,596 sq. ft. One building features unregistered living space due to the conversion of a 2-car garage into a laundry room and additional living area. The borrower plans to refinance as an exit from the loan.
- Loan Amount: $850,000
- Date: October 2024