This is a $130,000 new construction loan request, with $50,000 to be disbursed at closing, for a single-family residence located in Port Charlotte, Florida. Once finished, the property will feature three bedrooms, two bathrooms, and approximately 1,046 square feet of living space. Borrower has good credit score and is qualified to refinance the property if needed.
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