Borrower requested $105,000 loan to purchase a $151,000 manufactured mobile home property on 3.85 acres in Zephyrhills. Borrower intends to build 13 new construction homes on the land and will exit the loan with construction to perm loan.
Collateral:
Type: Refinance
Description:
This is a $60,000 refinance loan request secured by a free-and-clear single-family home located in Lehigh Acres, Florida. The subject property is a 3-bedroom, 1-bathroom residence offering 920 square feet of living space. The primary exit strategy for the loan is repayment through cash flow from business and secondary option is to refinance into a DSCR loan if additional time is needed.
- Loan Amount: $60,000
- Date: October 2025
