This request is for a $160,000 new-construction loan, secured by a vacant lot in Sanford, Florida. The proposed project consists of the construction of a 3-bedroom, 2-bathroom, wood-frame single-family residence with a one-car garage, totaling approximately 1,375 square feet of living space. Borrower exit strategy is to sale upon completion of the project.
Collateral:
Type: Refinance
Description:
The borrower is requesting a $125,000 first-lien refinance secured by a vacant lakefront parcel located on Lakeside Dr.,Lutz, FL. The collateral consists of a 0.42-acre irregular-shaped unimproved lot with approximately 80 linear feet of direct frontage on a private ski lake. The borrower’s exit strategy is an o sale of the subject parcel.
- Loan Amount: $125,000
- Date: September 2026
