This is a $215,000 refinance loan request for a single-family property in Tampa, FL. It comprises five bedrooms, three bathrooms, and 2,163 square feet of living space, including a two-car covered carport. As an exit strategy, the borrower plans to refinance the subject property to a Debt Service Coverage Ratio (DSCR) refinance loan.
Collateral:
Type: New Construction
Description:
This loan totals $1,590,000, with $260,000 disbursed at closing, secured by a double-lot land asset located in Safety Harbor, Florida. The site consists of approximately 0.26 acres, and the borrower intends to subdivide the parcel and construct two new single-family homes. Each residence is planned as a two-story property featuring four bedrooms, four bathrooms, a two-car garage, and approximately 3,000 square feet of living space.
- Loan Amount: $1,590,000
- Date: February 2026
