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:
Borrower requested a $50,000 loan to refinance a single-family property in Tampa, Florida. The asset comprises 4 bedrooms and 2 bathrooms, totalling 1,884 square feet of living space. The borrower anticipates a liquidity event soon that would enable them to pay off the loan in cash as an exit to the loan.
- Loan Amount: $50,000
- Date: November 2024
