Borrower requested a $150,000 loan to purchase a 4,212 square foot commercial building located in Largo, FL. Borrower is a Church, and the church plans to remodel the building to fit their specific religious needs. Property had a roof replacement in 2017, and is zoned for retail stores.
Collateral:
Type: New Construction
Description:
This is a $480,000 new construction loan request, with $200,000 funded at closing, secured by a non-waterfront single-family-zoned lot in Redington Shores, Florida. The project will consist of a three-story, coastal-style home featuring three bedrooms, three bathrooms, approximately 2,072 heated square feet, and a two-car garage. The primary exit strategy is a retail sale.
- Loan Amount: $480,000
- Date: February 2026
