This is a $270,000 refinance loan request secured by a bungalow-style single-family residence in Tampa, Florida. The subject property’s main structure features three bedrooms and two bathrooms across 1,458 square feet of living space. The borrower exit strategy is to sell the Tampa property upon completion of the renovations.
Collateral:
Type: New Construction
Description:
This loan totals $1,590,000, with $260,000 disbursed at closing, secured by a double-lot land asset located in Safety Harbor, Florida. The site consists of approximately 0.26 acres, and the borrower intends to subdivide the parcel and construct two new single-family homes. Each residence is planned as a two-story property featuring four bedrooms, four bathrooms, a two-car garage, and approximately 3,000 square feet of living space.
- Loan Amount: $1,590,000
- Date: February 2026
