Borrower requested a $160,000 loan to purchase a single-family property located in Tampa, Florida. The borrower has a $30,000 construction budget planned, out of pocket, featuring a roof replacement and cosmetic updates. The property features 3 beds and 1 bath at 961 sq/ft.
Collateral:
Type: New Construction
Description:
This is a $255,000 new construction loan request for a duplex located in Lake Wales, FL. The proposed duplex will consist of two units, each featuring three bedrooms, two bathrooms, and approximately 1,005 square feet of living space, totaling six bedrooms, four bathrooms, and 2,010 square feet of combined living space. Borrower’s refinancing strategy is designed to manage debt and cash flow based on rental income.
- Loan Amount: $255,000
- Date: June 2025
