This is a $450,000 loan request for a single-family property in Marathon, Florida. The subject property is as a single-family residence (SFR) with three bedrooms and two bathrooms spanning 2,867 square feet. The property is being used as a short term rental, and the borrower plans to exit the loan via refinance.
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
