This request is for a $300,000 second-position construction loan on a waterfront single-family residence in Tampa, Florida. The property will feature 5,088 square feet of living area across two stories, comprising six bedrooms and 5.5 bathrooms. The home will also feature a roof deck, a covered lanai, an outdoor living space, a gym, a home theater, an elevator, and a four-car garage with ample storage. Borrower strategy is to refinance the property upon completion.
Collateral:
Type: Refinance
Description:
This is a $60,000 refinance loan request secured by a free-and-clear single-family home located in Lehigh Acres, Florida. The subject property is a 3-bedroom, 1-bathroom residence offering 920 square feet of living space. The primary exit strategy for the loan is repayment through cash flow from business and secondary option is to refinance into a DSCR loan if additional time is needed.
- Loan Amount: $60,000
- Date: October 2025
