This is a $460,000 new construction loan request from a returning client, with $160,000 to be disbursed at closing for the development of a Townhouse (Duplex) in Saint Cloud, Florida. The planned Townhomes / Duplex will consist of two identical units, each featuring three bedrooms, 2.5 bathrooms, a two-car garage, front porch, backyard, and a media room that can double as an office or fourth bedroom. Borrower exit strategy is to refinance the subject duplex upon stabilization.
Collateral:
Type: Fix and Lease
Description:
This is a $5,350,000 loan request secured by two luxury single-family residences in Belleair, Florida; one commercial warehouse in Clearwater, Florida. The property is a luxury waterfront estate built in 2007 featuring 4 bedrooms, 6 bathrooms, a 3-car garage, and approximately 8,068 square feet of living area. The anticipated exit strategy for the loan includes the future sale of the borrower’s current primary residence.
- Loan Amount: $5,350,000
- Date: May 2026
