Borrower requested a $250,000 new construction loan on a duplex property in Lake Wales, Florida. The property will feature 2 units with 3 beds and 2 baths at 1,450 sq/ft each. Borrower plans to lease both units upon completion and refinance into a DSCR program as an exit to the 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
 
