Borrower requested a $1,300,000 loan to refinance a duplex property in Pompano Beach, Florida. The property features 2 units, each with 3 beds and 3.5 baths at 5,702 total sq/ft. The borrower plans to complete a full rehab and then sell the property as an exit to the loan.
Collateral:
Type: Refinance
Description:
The borrower is requesting a $200,000 loan secured by a 3/2 single-family home. The borrower’s exit strategy is to refinance into a DSCR loan once the property has established rental history.
- Loan Amount: $200,000
- Date: June 2026
