This request is for an $800,000 cash-out refinance loan secured by a commercial vacant land asset located in Tampa, Florida. The property totals 11.448 acres, consisting of 8.438 acres of usable land and 3.01 acres of lowlands. It benefits from direct access to both Adamo Drive and the Selmon Expressway, providing excellent visibility and connectivity. Borrower aims to exit the loan with a sale of another property.
Collateral:
Type: New Construction
Description:
Borrower has requested $125,000 to complete construction of a two-story, wood-frame duplex in Augusta, GA. Each unit of the duplex will offer 1,580 square feet of living space, with 794 square feet on the first floor and 786 square feet on the second. The borrower’s primary exit strategy is to sell the completed duplex.
- Loan Amount: $125,000
- Date: October 2026
