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:
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
