This is a $67,000 loan request at 50% LTV to acquire a raw land parcel in Kissimmee, FL. Approved architectural plans detailing a custom-built duplex to be constructed on the parcel have been provided. Each duplex unit will consist of two stories, 1,505 square feet of living space, a three-bedroom, two-and-a-half-bathroom layout, and a private garage. The borrower is well-positioned to successfully execute and exit this project through a refinance.
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
