The borrower requested a $360,000 loan to purchase a single-family property in Spring Hill, Florida. The property at Highgrove Rd features 2 beds and 1 bath at 1,364 sq/ft. The property, located at River Rd features 3 beds and 2 baths at 1,902 sq/ft. Borrower plans to sell the property on River Road 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