This request is for a $380,000 new construction loan for a luxury single-family residence in Wimauma, Florida. The planned residence will offer 4,036 square feet of living space, including four bedrooms, four bathrooms, an office suite that can double as an additional bedroom, and two separate two-car garages, all situated on 5.42 acres. The borrower plans to list the property for sale as an exit strategy from the loan.
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
