Borrower requested a $600,000 loan to refinance a single-family property in Odessa, Florida. The property features 5 beds and 4 baths at 3,237 sq/ft and is in great condition, with a 2023 roof, 2022 A/C and remodeled bathrooms. The borrower will sell the subject property as an exit to this loan.
Collateral:
Type: New Construction
Description:
This is a $380,000 new construction loan request for a single-family property located in St. Augustine, FL. The home will feature 3 bedrooms, 2.5 bathrooms, and an office that can serve as an additional bedroom, with a total of 2,256 square feet of living space. The borrower will refinance the subject property if the builds and the sales take longer than anticipated.
- Loan Amount: $380,000
- Date: December 2024
