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 is requesting a $200,000 loan secured by a 3/2 single-family home. The borrower’s exit strategy is to refinance into a DSCR loan once the property has established rental history.
- Loan Amount: $200,000
- Date: June 2026
