Borrower requested a $505,000 loan to refinance a single-family property in Homestead, Florida. The property features 5 beds and 2 baths at 2,387 sq/ft on a corner lot with a pool. The borrower plans on continuing to rent the property as an annual rental and refinance as an exit to the loan.
Collateral:
Type: New Construction
Description:
This is a $200,000 new construction loan request secured by a single-family new construction project in Tampa, FL. The subject property will feature 3 bedrooms and 2 bathrooms, a 1-car garage with 1,176 square feet of living space. The borrower plans to refinance the property as an exit to this loan.
- Loan Amount: $$200,000
- Date: May 2026
