This is a $95,000 refinance loan request secured by a single-family property in Spring Hill, Florida. The property is a one-story, 3-bedroom, 2-bathroom home, totaling 1,722 sq. ft., built in 1985. The primary strategy upon completing the rehab is to sell the property.

This request represents a $2.3 million new-construction loan, with $340,000 to be funded at closing and a $1,960,000 construction holdback, secured by the Townhomes. The borrower’s primary exit strategy remains the retail sale of all units upon completion.