This is a $67,000 loan request at 50% LTV to acquire a raw land parcel in Kissimmee, FL. Approved architectural plans detailing a custom-built duplex to be constructed on the parcel have been provided. Each duplex unit will consist of two stories, 1,505 square feet of living space, a three-bedroom, two-and-a-half-bathroom layout, and a private garage. The borrower is well-positioned to successfully execute and exit this project through a refinance.
Collateral:
Type: New Construction
Description:
The borrower requested a new construction loan for a waterfront luxury single-family residence in Tampa, FL. The residence will feature 6 bedrooms, 7 bathrooms, 3 powder rooms, a 4-car garage, and 10,882 heated square feet. The planned amenities include a home theater, a golf simulator, a speakeasy bar with hidden doors, an elevator, a full gym with a recovery room and sauna, and a dedicated entertainment room for children. The exterior will feature a full outdoor kitchen, pool and spa, a covered cabana with an entertainment area, and a comprehensive dock with multiple boat slips, lifts, and a jet ski dock. Borrower’s primary exit strategy is to sell a property.
- Loan Amount: $6,850,000
- Date: November 2025
