Borrower requested a $650,000 new construction loan to begin construction of a single-family residence in Tampa, Florida. When completed, the property will feature 4 bedrooms and 4 bathrooms, with a covered lanai and 3,105 square feet of living space. The borrower plans to list the property for sale as an exit to the loan.
Collateral:
Type: Refinance
Description:
The borrower requested a $300,000 loan to refinance the property located at Larry Rd, Spring Hill, FL. This property has 2 manufactured homes retired to the land. The borrower is pledging additional collateral located at 60th St, Tampa, FL. The borrower has proven liquidity and plans to repay this loan at maturity.
- Loan Amount: $300,000
- Date: March 2025