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: New Construction
Description:
Borrower requested a $110,000 loan to complete construction of a single-family property in Lehigh, Florida. The property features 4 bedrooms and 3 bathrooms, 2,152 square feet of living space, and a 2-car garage on a 0.25-acre lot. Borrower plans to lease the property for an annual rental after the renovation and refinance as an exit to the loan.
- Loan Amount: $110,000
- Date: July, 2026
