Borrower requested a $1,900,000 loan to refinance a single-family property in Delray Beach, Florida. The property features 7 beds and 7 baths at 5,342 sq/ft with a 3-car garage on a 2.5-acre equestrian property in a gated Tierra Del Ray community and is fully renovated and updated. The borrower plans to refinance as an exit to the loan.
Collateral:
Type: New Construction
Description:
This is a $380,000 new construction loan request for a single-family property located in St. Augustine, FL. The home will feature 3 bedrooms, 2.5 bathrooms, and an office that can serve as an additional bedroom, with a total of 2,256 square feet of living space. The borrower will refinance the subject property if the builds and the sales take longer than anticipated.
- Loan Amount: $380,000
- Date: December 2024
