Borrower requested a $158,000 loan to purchase a single-family property in Tampa, Florida. The property features 2 beds and 1 bath at 975 sq/ft on a 6,242 sq/ft lot and is currently in framing, in need of a full remodel. Borrower plans to list the property for sale
after the renovation as an exit to the loan.
Collateral:
Type: Refinance
Description:
The borrower requested a $300,000 loan to refinance the property located at Larry Rd, Spring Hill, FL. This property has 2 manufactured homes retired to the land. The borrower is pledging additional collateral located at 60th St, Tampa, FL. The borrower has proven liquidity and plans to repay this loan at maturity.
- Loan Amount: $300,000
- Date: March 2025