This request is for a $240,000 new construction loan, with $110,000 to be funded at closing, secured by a single-family residence located in St. Petersburg. The property will feature three bedrooms, two bathrooms, and approximately 1,500 square feet of living space. The primary exit strategy is to complete construction, obtain a certificate of occupancy, and sell the property. As a secondary exit strategy, the borrower maintains a strong credit profile and can refinance the property if market conditions require additional time to achieve a sale.
Collateral:
Type: Refinance
Description:
This is a $100,000 refinance loan request secured by a single-family property located in Odessa, FL. The subject property, built in 2023, features 4 bedrooms, 3.5 bathrooms, and 3,038 square feet of living space. The exit strategy is the sale of the property
- Loan Amount: $100,000
- Date: April 2026
