This is a $250,000 loan request for a condo in the luxurious Grand Central at Kennedy complex in Channelside, downtown Tampa, Florida. The subject property, Unit 821, is a 2-bedroom, 1-bathroom unit with 1,050 square feet. The borrower plans to refinance into a DSCR loan as the primary exit strategy.
Collateral:
Type: New Construction
Description:
Borrower requested a $110,000 loan to complete construction of a single-family property in Lehigh, Florida. The property features 4 bedrooms and 3 bathrooms, 2,152 square feet of living space, and a 2-car garage on a 0.25-acre lot. Borrower plans to lease the property for an annual rental after the renovation and refinance as an exit to the loan.
- Loan Amount: $110,000
- Date: July, 2026
