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:
Borrower is requesting a $325,000 loan secured by a single-family property in Tampa, Florida. The property features 9 bedrooms, 5 bathrooms, 4,010 heated square feet, and sits on a 16,496-square-foot lot while being rented for $9,000 per month. The borrower plans to refinance the loan as exit strategy.
- Loan Amount: $325,000
- Date: September 2026
