The borrower requested a $180,000 new construction loan on a single-family property in Winter Haven, Florida. Upon completion, the subject property will feature three bedrooms, two bathrooms, and 1,536 square feet of living space across two stories, with a one-car garage. The exit strategy for this loan is a DSCR refinance.
Collateral:
Type: New Construction
Description:
This is a $480,000 new construction loan request, with $200,000 funded at closing, secured by a non-waterfront single-family-zoned lot in Redington Shores, Florida. The project will consist of a three-story, coastal-style home featuring three bedrooms, three bathrooms, approximately 2,072 heated square feet, and a two-car garage. The primary exit strategy is a retail sale.
- Loan Amount: $480,000
- Date: February 2026
