This is a $450,000 loan request for a single-family property in Marathon, Florida. The subject property is as a single-family residence (SFR) with three bedrooms and two bathrooms spanning 2,867 square feet. The property is being used as a short term rental, and the borrower plans to exit the loan via refinance.
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
