This is a $220,000 refinance loan request, secured by a single-family home located in Tampa, Florida. The home is well-maintained and features three bedrooms and three bathrooms, totaling 1,968 square feet of living space, with 1,568 square feet in the main residence and an additional 400 square feet in an Accessory Dwelling Unit (ADU). Borrower exit strategy is to sell the property.
Collateral:
Type: New Construction
Description:
This request is for a $260,000 new construction loan secured by two to-be-built single-family homes (to be built) and two additional neighboring subdivided lots pledged as collateral. The first will consist of three bedrooms, two bathrooms, approximately 1,704 square feet of living area, and a two-car garage. The second will include three bedrooms, 2.5 bathrooms, approximately 1,777 heated square feet, and a two-car garage. Borrower primary exit strategy is to sell the property after completion.
- Loan Amount: $260,000
- Date: March 2026
