This request is for a new construction loan for a single-family home in Lutz, FL. Upon completion, the house will feature four bedrooms, three bathrooms, a two-car garage, 2,307 heated square feet, and 2,929 square feet under the roof. Borrower’s exit strategy for this project is to obtain a Certificate of Occupancy (CO), refinance the property, pay off the loan, and incorporate the home into his expanding rental portfolio.
Collateral:
Type: New Construction
Description:
This is a $150,000 new construction loan request for a single-family residence in Port Charlotte, FL. The home will offer three bedrooms, two bathrooms, 1,342 square feet of living space, and a one-car garage upon completion. The borrower exit strategy for this loan is to refinance upon completion.
- Loan Amount: $150,000
- Date: April 2025