Borrower requested a $52,000 loan to purchase a vacant land property in Saint Cloud, Florida. The property features a vacant lot with 0.42 acres. The property will feature a fourplex with 3 beds and 2 baths each. The borrower plans to refinance after the construction is completed as an exit to the loan.
Collateral:
Type: Refinance
Description:
This is a $100,000 refinance loan request secured by a single-family property located in Odessa, FL. The subject property, built in 2023, features 4 bedrooms, 3.5 bathrooms, and 3,038 square feet of living space. The exit strategy is the sale of the property
- Loan Amount: $100,000
- Date: April 2026
