Borrower requested a $225,000 loan to refinance a condominium in Naples, FL. The property features 3 bedrooms, 2 bathrooms, and a living area of 1,836 square feet. Borrower intends 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