This is a $186,000 fix-and-lease loan request ($161,000 at closing) for a single-family property in Tampa, FL. The home features three bedrooms, two bathrooms, and 1,288 square feet of living space. It has already been gutted and reframed, with partially completed bathrooms and flooring. The borrower plans to refinance through a DSCR loan as the exit strategy.
Collateral:
Type: New Construction
Description:
The borrower requested a new construction loan for a waterfront luxury single-family residence in Tampa, FL. The residence will feature 6 bedrooms, 7 bathrooms, 3 powder rooms, a 4-car garage, and 10,882 heated square feet. The planned amenities include a home theater, a golf simulator, a speakeasy bar with hidden doors, an elevator, a full gym with a recovery room and sauna, and a dedicated entertainment room for children. The exterior will feature a full outdoor kitchen, pool and spa, a covered cabana with an entertainment area, and a comprehensive dock with multiple boat slips, lifts, and a jet ski dock. Borrower’s primary exit strategy is to sell a property.
- Loan Amount: $6,850,000
- Date: November 2025
