This is a $510,000 refinance loan secured by a single-family property in Palm Harbor and a multi-family property in Tarpon Springs, Florida. The Palm Harbor home is waterfront with 4 bedrooms, 3 bathrooms, 3,640 sq ft, and a detached 2-car garage. The Tarpon Springs property, classified as Multi-Fam <10 Units, sits on Lake Tarpon and includes two structures: a 3-bed, 1-bath, 1,522 sq ft home, and a 580 sq ft studio with 1 bath, on a 0.65-acre lot. The borrower plans to renovate Trent Rd and sell it as the loan exit.
Collateral:
Type: New Construction
Description:
This is a $120,000 new construction loan request secured by a single-family home located in Spring Hill, Florida. The property is being built as a 4-bedroom, 2-bathroom residence with a 2-car garage, totaling 2,123 square feet. The home is fully dried in, with interior drywall and texture finished, bathroom tile installed, and all exterior work complete except for landscaping and the driveway. The planned exit strategy is to sell the property upon completion.
- Loan Amount: $120,000
- Date: September 2025
