The borrower requested a $100,000 new construction loan for a single-family property located in Lehigh Acres, FL. The property features 3 bedrooms, 2 bathrooms, 1,715 square feet of living space, and a 2-car garage. The borrower intends to sell the subject property as the exit strategy for this loan.
Collateral:
Type: New Construction
Description:
This is a $255,000 new construction loan request for a duplex located in Lake Wales, FL. The proposed duplex will consist of two units, each featuring three bedrooms, two bathrooms, and approximately 1,005 square feet of living space, totaling six bedrooms, four bathrooms, and 2,010 square feet of combined living space. Borrower’s refinancing strategy is designed to manage debt and cash flow based on rental income.
- Loan Amount: $255,000
- Date: June 2025
