This request is for an $800,000 cash-out refinance loan secured by a commercial vacant land asset located in Tampa, Florida. The property totals 11.448 acres, consisting of 8.438 acres of usable land and 3.01 acres of lowlands. It benefits from direct access to both Adamo Drive and the Selmon Expressway, providing excellent visibility and connectivity. Borrower aims to exit the loan with a sale of another property.
Collateral:
Type: New Construction
Description:
This is a $480,000 new construction loan request, with $200,000 funded at closing, secured by a non-waterfront single-family-zoned lot in Redington Shores, Florida. The project will consist of a three-story, coastal-style home featuring three bedrooms, three bathrooms, approximately 2,072 heated square feet, and a two-car garage. The primary exit strategy is a retail sale.
- Loan Amount: $480,000
- Date: February 2026
