This loan is for $600,000 to acquire two lots in Largo, Florida. The borrower is pledging two parcels of land totaling 0.59 acres, with a combined purchase price of over $ 1 M+. The borrower plans to build 2 new construction homes and then sell them for profit as an 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
