This was a $115,000 new construction loan request for a single-family property located in Port Charlotte, Florida. Once finished, the property will feature 3 bedrooms, 2 bathrooms, and 1,199 square feet of living space, complemented by 611 square feet of additional space for a lanai, 2-car garage, and front porch. They plan to sell the property upon completion as their primary loan exit strategy.
Collateral:
Type: Refinance
Description:
The borrower is requesting a $200,000 loan secured by a 3/2 single-family home. The borrower’s exit strategy is to refinance into a DSCR loan once the property has established rental history.
- Loan Amount: $200,000
- Date: June 2026
