The borrower requested a $180,000 new construction loan on a single-family property in Winter Haven, Florida. Upon completion, the subject property will feature three bedrooms, two bathrooms, and 1,536 square feet of living space across two stories, with a one-car garage. The exit strategy for this loan is a DSCR refinance.
Collateral:
Type: New Construction
Description:
This is a $255,000 new construction loan request for a duplex located in Lake Wales, FL. The proposed duplex will consist of two units, each featuring three bedrooms, two bathrooms, and approximately 1,005 square feet of living space, totaling six bedrooms, four bathrooms, and 2,010 square feet of combined living space. Borrower’s refinancing strategy is designed to manage debt and cash flow based on rental income.
- Loan Amount: $255,000
- Date: June 2025
