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:
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
