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 Lease
Description:
Borrower requested a $650,000 loan to purchase a single-family property in Tarpon Springs, Florida. The property being purchased features 2 beds and 2 baths at 2,188 sq/ft with a pool. The borrower is cross collateralizing another property in pristine condition, featuring 4 beds and 5 baths in 3,849 sq/ft with a pool. The borrower will be selling the property as an exit from the loan.
- Loan Amount: $650,000
- Date: March 2025