The borrower is requesting an $800,000 loan to refinance a single-family property in Sarasota, Florida. The property features 4 bedrooms and 4 bathrooms with 4,600 square feet of living space across 2 stories. The home sits on a 7.32-acre lot with an inground pool. The borrower’s stated exit strategy is to refinance the property.
Collateral:
Type: Refinance
Description:
Borrower requested a $200,000 refinance loan secured by a single-family residence in Tampa, Florida. Built in 1980, the property features 3 bedrooms, 2 bathrooms, and 1,562 square feet of living space situated on a 0.19-acre lot. Upon completion of the renovations, the borrower intends to refinance into a long-term DSCR loan as the exit strategy.
- Loan Amount: $200,000
- Date: August 2026
