This is a $175,000 new construction loan request for a single-family home in Deland, FL. The planned property includes three bedrooms, two bathrooms, an office, and a 2-car garage, totaling 2,317 square feet of living space and 3,292 square feet overall. The borrowers will sell the property as an exit to the loan.
Collateral:
Type: Refinance
Description:
The borrower requested a $300,000 loan to refinance the property located at Larry Rd, Spring Hill, FL. This property has 2 manufactured homes retired to the land. The borrower is pledging additional collateral located at 60th St, Tampa, FL. The borrower has proven liquidity and plans to repay this loan at maturity.
- Loan Amount: $300,000
- Date: March 2025