Borrower requested a $186,000 loan to refinance a single-family property in Tarpon Springs, Florida. The property features 3 beds and 2 baths at 1,332 sq/ft. Borrower plans to lease the property for an annual rental after the upgrades and refinance into a DSCR program as an exit to the loan.
Collateral:
Type: Refinance
Description:
The borrower requested a $300,000 loan to refinance the property located at Larry Rd, Spring Hill, FL. This property has 2 manufactured homes retired to the land. The borrower is pledging additional collateral located at 60th St, Tampa, FL. The borrower has proven liquidity and plans to repay this loan at maturity.
- Loan Amount: $300,000
- Date: March 2025