Borrower requested a $2,200,000 loan to refinance a multi-family property in Largo, Florida. The property features 16 units with 3 beds and 1 bath at 976 sq/ft each and 1 unit with 1 bed 1 bath. The borrower plans to continue to lease the property as annual rentals after the renovation and refinance as an exit to the loan.
Collateral:
Type: New Construction
Description:
Borrower requested a $110,000 loan to complete construction of a single-family property in Lehigh, Florida. The property features 4 bedrooms and 3 bathrooms, 2,152 square feet of living space, and a 2-car garage on a 0.25-acre lot. Borrower plans to lease the property for an annual rental after the renovation and refinance as an exit to the loan.
- Loan Amount: $110,000
- Date: July, 2026
