This is a $150,000 new construction loan request for a single-family waterfront property in Hernando Beach, FL. Upon completion, the property will feature two bedrooms, two bathrooms, and 1,231 square feet of living space across two stories. It is hurricane-resistant, elevated on concrete pillars 10 feet above sea level, with the first floor 22 feet above sea level. The borrower, plans to list the completed property as his exit strategy for the loan.
Collateral:
Type: Refinance
Description:
The borrower is requesting a $200,000 loan secured by a 3/2 single-family home. The borrower’s exit strategy is to refinance into a DSCR loan once the property has established rental history.
- Loan Amount: $200,000
- Date: June 2026
