Borrower requested a $535,000 loan to refinance a single-family property in Naples, Florida. The property features 4 beds and 7 baths at 7,240 sq/ft sitting on a 0.82 acre lot. The borrower is selling another investment property simultaneously and will use sale proceeds as an exit to the loan.
Collateral:
Type: Refinance
Description:
The borrower is requesting a $125,000 first-lien refinance secured by a vacant lakefront parcel located on Lakeside Dr.,Lutz, FL. The collateral consists of a 0.42-acre irregular-shaped unimproved lot with approximately 80 linear feet of direct frontage on a private ski lake. The borrower’s exit strategy is an o sale of the subject parcel.
- Loan Amount: $125,000
- Date: September 2026
