Borrower requested a refinance on a property portfolio that consisted of 3 single-family homes, and 1 lot in Tarpon Springs, each with their respective strategies for renovation, rental, sale, or new construction.
Collateral:
Type: New Construction
Description:
This is a new construction loan for a single-family residence to be developed in Plant City, Florida. The proposed structure will feature six bedrooms, six bathrooms, and a two-car garage, totaling approximately 3,664 square feet. The primary exit strategy is to sell the completed property.
- Loan Amount: $460,000
- Date: April 2025