This is a $150,000 new construction loan request, secured by a single-family home under construction and an adjacent vacant lot, both located in Lakeland, Florida. The subject is 3-bedroom, 2-bathroom home, totaling 1,085 square feet, which includes a two-car garage. Their planned exit strategy is to sell the completed home.
Collateral:
Type: Refinance
Description:
This request is for a $400,000 refinance loan secured by a single-family residence located in the Walden Lake Community in Plant City, Florida. The property features three bedrooms, five bathrooms, and an executive office that can also serve as an additional bedroom. The residence offers 4,444 square feet of living space on a 0.37-acre lot and is situated directly on a private golf course. Borrower exit strategy is to refinance into a DSCR loan after liquidating other investments.
- Loan Amount: $400,000
- Date: October 2025