This is a $260,000 (60k @ closing) new construction loan request to complete two single-family homes located side by side in New Port Richey, FL. Each home features a 2-bedroom, 2-bathroom layout with approximately 1,585 square feet of living space and an attached garage. Borrower’s current plan is to sell one of the completed homes and refinance the other.
Collateral:
Type: Refinance
Description:
This is a $200,000 TRID-compliant second mortgage loan request secured by a single-family residence located in Belleair, Florida. The home is a four-bedroom, three-bathroom property with a pool and 2,461 square feet of living space, a two-car garage, and sits on a 0.36-acre lot. Borrower intended exit strategy is to refinance the property and consolidate both the first and second mortgages.
- Loan Amount: $200,000
- Date: July 2025