Borrower requested a $575,000 1st position loan on a single-family property in Geneva, Florida. The property features 5 beds and 3 baths at 4,408 sq/ft with an ADU. The borrower plans to sell another asset as an exit to this loan.
Collateral:
Type: Refinance
Description:
This is a $150,000 refinance loan request secured by a single-family residence located in Tampa, Florida. The subject property includes three bedrooms, two bathrooms, and approximately 1,200 square feet of living space. The borrower plans to refinance into a DSCR loan as an exit from the loan.
- Loan Amount: $150,000
- Date: May 2025