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: Fix and Flip
Description:
This is a $305,000 acquisition (land) loan secured by a tear-down single- family property located in Clearwater Beach, Florida. The subject property sits on a 0.16-acre lot (7,083 square feet) in a flood zone. The primary exit strategy for this loan is to build and sell a new construciton property.
- Loan Amount: $305,000
- Date: January 2026
