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: 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
