The borrower requested a $300,000 refinance on 2 properties in Tampa, FL. One property is tenant-occupied as an annual rental, and the other is a new construction property that is roughly 80% complete. Borrower plans to complete the build and lease the property 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
