Borrower requested a $300,000 loan to refinance a single-family property in Cape Coral, Florida. The borrower bought the land in 2020 and built a 3 bed and 3 bath, 1,931 sq/ft new construction home, on a 0.34 acre lot. Borrower plans to sell the property as an exit to the loan.
Collateral:
Type: New Construction
Description:
The borrower requested a $130,000 new construction loan on a single-family property in Spring Hill, FL. The property features a modern layout with 4 bedrooms, 3.5 bathrooms, a 2-car garage, and 2,687 sq. ft. of living space. It is situated on an oversized 0.35-acre lot. The borrower plans to sell the completed property as an exit to the loan.
- Loan Amount: $130,000
- Date: November 2024