Borrower requested a $1,000,000 loan to refinance a new construction, single-family property in Odessa, Florida. The property features 4 beds and 4.5 baths at 4,190 sq/ft sitting on a 2.66 acre lot. Borrower plans to lease the property before listing for sale as an exit to the loan.
Collateral:
Type: New Construction
Description:
Borrower requested a $110,000 loan to complete construction of a single-family property in Lehigh, Florida. The property features 4 bedrooms and 3 bathrooms, 2,152 square feet of living space, and a 2-car garage on a 0.25-acre lot. Borrower plans to lease the property for an annual rental after the renovation and refinance as an exit to the loan.
- Loan Amount: $110,000
- Date: July, 2026
