Borrower requested a $100,000 loan to refinance a single-family property in Zephyrhills, Florida. The property features 2 beds and 1 bath at 864 sq/ft on a 6,340 sq/ft lot and is currently in the process of completing a remodel. The borrower plans to list the property for sale after the renovation is complete as an exit to this loan.
Collateral:
Type: Fix and Lease
Description:
Borrower requested a $650,000 loan to purchase a single-family property in Tarpon Springs, Florida. The property being purchased features 2 beds and 2 baths at 2,188 sq/ft with a pool. The borrower is cross collateralizing another property in pristine condition, featuring 4 beds and 5 baths in 3,849 sq/ft with a pool. The borrower will be selling the property as an exit from the loan.
- Loan Amount: $650,000
- Date: March 2025