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:
The borrower is requesting a $125,000 first-lien refinance secured by a vacant lakefront parcel located on Lakeside Dr.,Lutz, FL. The collateral consists of a 0.42-acre irregular-shaped unimproved lot with approximately 80 linear feet of direct frontage on a private ski lake. The borrower’s exit strategy is an o sale of the subject parcel.
- Loan Amount: $125,000
- Date: September 2026
