The borrower requested a $100,000 new construction loan for a single-family property located in Lehigh Acres, FL. The property features 3 bedrooms, 2 bathrooms, 1,715 square feet of living space, and a 2-car garage. The borrower intends to sell the subject property as the exit strategy for this loan.
Collateral:
Type: Fix and Flip
Description:
This is a $305,000 acquisition (land) loan secured by a tear-down single- family property located in Clearwater Beach, Florida. The subject property sits on a 0.16-acre lot (7,083 square feet) in a flood zone. The primary exit strategy for this loan is to build and sell a new construciton property.
- Loan Amount: $305,000
- Date: January 2026
