This loan request is for $160,000, representing a 56% Loan-to-Value (LTV), to fund the purchase and renovation of a manufactured mobile home in Riverview, Florida. The subject property features 2 bedrooms and 2 bathrooms, encompassing 1,680 square feet of living space. This secondary property has two bedrooms, one bathroom, and 650 square feet of living space. The borrower will refinance as an exit to the loan.
Collateral:
Type: New Construction
Description:
This loan totals $1,590,000, with $260,000 disbursed at closing, secured by a double-lot land asset located in Safety Harbor, Florida. The site consists of approximately 0.26 acres, and the borrower intends to subdivide the parcel and construct two new single-family homes. Each residence is planned as a two-story property featuring four bedrooms, four bathrooms, a two-car garage, and approximately 3,000 square feet of living space.
- Loan Amount: $1,590,000
- Date: February 2026
