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:
Borrower requested a $200,000 refinance loan secured by a single-family residence in Tampa, Florida. Built in 1980, the property features 3 bedrooms, 2 bathrooms, and 1,562 square feet of living space situated on a 0.19-acre lot. Upon completion of the renovations, the borrower intends to refinance into a long-term DSCR loan as the exit strategy.
- Loan Amount: $200,000
- Date: August 2026
