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 $200,000 loan secured by a 3/2 single-family home. The borrower’s exit strategy is to refinance into a DSCR loan once the property has established rental history.
- Loan Amount: $200,000
- Date: June 2026
