Borrower requested a $100,000 loan to refinance a single-family property in Panama City, Florida. The property features 2 bedrooms, 1 bathroom, 850 square feet of living space, and a 1-car garage. Borrower primary exit strategy is to pay off the loan with cash from the sale proceeds of the new construction project.
Collateral:
Type: Refinance
Description:
The borrower is requesting a $125,000 first-lien refinance secured by a vacant lakefront parcel located on Lakeside Dr.,Lutz, FL. The collateral consists of a 0.42-acre irregular-shaped unimproved lot with approximately 80 linear feet of direct frontage on a private ski lake. The borrower’s exit strategy is an o sale of the subject parcel.
- Loan Amount: $125,000
- Date: September 2026
