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.

This request is for a $390,000 bridge loan to acquire a single-family property in Belleair, FL. The existing structure will be demolished to make way for a newly constructed luxury single-family residence. The lot measures approximately 9,200 square feet. The borrower has already secured construction financing to pay off the DKC Lending bridge loan.