Borrower requested a $200,000 loan to purchase a single-family property located in Winter Haven, Florida. The borrower paid $300,000 for the property and has a $35,000 cosmetic construction budget planned. The property features a pool with 3 beds and 2 baths at 1,883 sq/ft.
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
