Borrower requested a $100,000 loan to purchase a condominium in Tampa, Florida. The borrower is paying $175,000 for the property, which was recently renovated and is rent-ready. The property features 2 beds and 2.5 baths at 1,138 sq/ft. Borrower plans to lease the property as an annual rental and refinance as an exit to the loan.
Collateral:
Type: Refinance
Description:
This is a $100,000 refinance loan request secured by a single-family property located in Odessa, FL. The subject property, built in 2023, features 4 bedrooms, 3.5 bathrooms, and 3,038 square feet of living space. The exit strategy is the sale of the property
- Loan Amount: $100,000
- Date: April 2026
