The borrower requested a $225,000 loan to purchase a single-family property in Springhill, Florida. The borrower is additionally pledging a free & clear single-family property located in Spring Hill, which features 3 beds and 2 baths at 1,767 sq/ft and is currently rented. The Union Springs property features 2 beds and 2 baths at 1,235 sq/ft on a 0.23-acre lot. The borrower is planning to refinance as an exit to the loan.
Collateral:
Type: Refinance
Description:
This request is for a $400,000 refinance loan secured by a single-family residence located in the Walden Lake Community in Plant City, Florida. The property features three bedrooms, five bathrooms, and an executive office that can also serve as an additional bedroom. The residence offers 4,444 square feet of living space on a 0.37-acre lot and is situated directly on a private golf course. Borrower exit strategy is to refinance into a DSCR loan after liquidating other investments.
- Loan Amount: $400,000
- Date: October 2025