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: 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
