This was a $275,000 new construction loan request for a single-family home located in Saint Cloud, Florida. The borrower has approved plans to build a 3-bedroom, 2-bathroom SFR with an executive office and a 1-car garage, totaling 1,865 heated square feet and 2,390 total square feet. The borrower intends to sell a property as an exit to the loan.
Collateral:
Type: Refinance
Description:
This request is for a $110,000 refinance loan secured by a single-family residence located in Palmetto, Florida. The subject property was built in 2001 and consists of a 3-bedroom, 2-bathroom home with 1,060 square feet of living area and a one-car garage. Borrower will refinance as the loan’s exit strategy.
- Loan Amount: $110,000
- Date: January 2026
