This new construction loan request is intended to develop a single-family home located at Mark Dr, Largo, FL. The subject property will feature 5 bedrooms, 4 bathrooms, a 3-car garage, and a private pool across 5,159 sq. ft. of living space. The subject property and the secondary collateral are located in the Collins Estates in Largo, FL. To secure the loan, the borrower pledged an additional piece of collateral at Rebecca Court, Largo, FL. The borrower intends to sell the property upon completion.
Collateral:
Type: New Construction
Description:
This is a $260,000 new construction loan request on a duplex located in Port Charlotte, FL, with an initial disbursement of $60,000 at closing. Upon completion, the property will consist of two units, each featuring 3 bedrooms, 2 bathrooms, 1,247 square feet of living space, and a 1-car garage. The borrower intends to refinance the property as the primary exit strategy.
- Loan Amount: $260,000
- Date: August 2025
