Borrower requested a $150,000 loan to refinance a new construction, single-family property in New Port Richey, Florida. The property will feature 3 beds and 3 baths at 1,967 sq/ft, 2 car garage. The borrower plans to list the property and sell it as an exit to the loan.
Collateral:
Type: New Construction
Description:
Borrower requested a $425,000 loan to begin construction on a single-family property in Lakeland, Florida. The property will feature 4 beds and 3 baths at 3,727 sq/ft. The target sale price for the completed property is estimated $1.1 million.
- Loan Amount: $425,000
- Date: September 2024