This is a $420,000 new construction loan request for a single-family property in Polk City, Florida. The borrower is constructing a 6-bedroom, 5-bathroom home with 5,532 square feet of living space, including an inground pool, a 2-car garage, Starlink internet, and a Tesla roof for solar energy. The borrower plans to list the property upon completion as an exit strategy.
Collateral:
Type: Refinance
Description:
This is a $200,000 TRID-compliant second mortgage loan request secured by a single-family residence located in Belleair, Florida. The home is a four-bedroom, three-bathroom property with a pool and 2,461 square feet of living space, a two-car garage, and sits on a 0.36-acre lot. Borrower intended exit strategy is to refinance the property and consolidate both the first and second mortgages.
- Loan Amount: $200,000
- Date: July 2025