Borrower requested a $115,500 loan to purchase a single family property in Brandon, Florida. The property is being purchased for $165,000 with the intent of completing a $43,000 remodel before selling the home for a profit. Improvements include a new HVAC system, and a complete cosmetic upgrade.
Collateral:
Type: New Construction
Description:
This loan totals $1,590,000, with $260,000 disbursed at closing, secured by a double-lot land asset located in Safety Harbor, Florida. The site consists of approximately 0.26 acres, and the borrower intends to subdivide the parcel and construct two new single-family homes. Each residence is planned as a two-story property featuring four bedrooms, four bathrooms, a two-car garage, and approximately 3,000 square feet of living space.
- Loan Amount: $1,590,000
- Date: February 2026
