This is a $420,000 new construction loan request for a single-family property in Polk City, Florida. The borrower is constructing a 6-bedroom, 5-bathroom home with 5,532 square feet of living space, including an inground pool, a 2-car garage, Starlink internet, and a Tesla roof for solar energy. The borrower plans to list the property upon completion as an exit strategy.
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
