This was a $275,000 new construction loan request for a single-family home located in Saint Cloud, Florida. The borrower has approved plans to build a 3-bedroom, 2-bathroom SFR with an executive office and a 1-car garage, totaling 1,865 heated square feet and 2,390 total square feet. The borrower intends to sell a property as an exit to the loan.
Collateral:
Type: Refinance
Description:
This request is for a $400,000 refinance loan secured by a single-family residence located in the Walden Lake Community in Plant City, Florida. The property features three bedrooms, five bathrooms, and an executive office that can also serve as an additional bedroom. The residence offers 4,444 square feet of living space on a 0.37-acre lot and is situated directly on a private golf course. Borrower exit strategy is to refinance into a DSCR loan after liquidating other investments.
- Loan Amount: $400,000
- Date: October 2025