This is a $510,000 refinance loan secured by a single-family property in Palm Harbor and a multi-family property in Tarpon Springs, Florida. The Palm Harbor home is waterfront with 4 bedrooms, 3 bathrooms, 3,640 sq ft, and a detached 2-car garage. The Tarpon Springs property, classified as Multi-Fam <10 Units, sits on Lake Tarpon and includes two structures: a 3-bed, 1-bath, 1,522 sq ft home, and a 580 sq ft studio with 1 bath, on a 0.65-acre lot. The borrower plans to renovate Trent Rd and sell it as the loan exit.
Collateral:
Type: Refinance
Description:
This is a $60,000 refinance loan request secured by a free-and-clear single-family home located in Lehigh Acres, Florida. The subject property is a 3-bedroom, 1-bathroom residence offering 920 square feet of living space. The primary exit strategy for the loan is repayment through cash flow from business and secondary option is to refinance into a DSCR loan if additional time is needed.
- Loan Amount: $60,000
- Date: October 2025
