The borrower requested a $250,000 loan to complete a new construction project in Saint Petersburg, Florida. The property will feature 3 beds and 2 baths at 1,500 sq/ft with a detached garage and ADU with 672 sq/ft and 1 bed 1 bath. The borrower plans to sell the property upon completion as an exit to the loan.
Collateral:
Type: Refinance
Description:
This is a $150,000 refinance loan request secured by a single-family residence located in Tampa, Florida. The subject property includes three bedrooms, two bathrooms, and approximately 1,200 square feet of living space. The borrower plans to refinance into a DSCR loan as an exit from the loan.
- Loan Amount: $150,000
- Date: May 2025
