Borrower requested a $150,000 loan to refinance a single-family property in Lehigh Acres, Florida. The property features 4 beds and 2 baths at 1,813 sq/ft. The loan is expected to be repaid at maturity through either a refinance or the sale of another asset owned by the borrower.
Collateral:
Type: Refinance
Description:
This is a $200,000 TRID-compliant second mortgage loan request secured by a single-family residence located in Belleair, Florida. The home is a four-bedroom, three-bathroom property with a pool and 2,461 square feet of living space, a two-car garage, and sits on a 0.36-acre lot. Borrower intended exit strategy is to refinance the property and consolidate both the first and second mortgages.
- Loan Amount: $200,000
- Date: July 2025