This request is for a $320,000 new-construction loan for a repeat borrower, secured by a single-family residence in Palmetto, Florida. The property is a newly constructed, two-story, elevated four-bedroom, two-bathroom home featuring approximately 2,243 SF of heated living. Upon completion, the borrower intends to list the property for approximately $650,000, with the sale serving as the primary exit strategy.
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
