Borrower requested a $165,000 loan to complete a new construction, single-family build in Tampa, Florida. The property will feature 3 beds and 2 baths at 1,527 heated sq/ft. Borrower plans to sell the property once construction is complete as an exit to the loan.
Collateral:
Type: New Construction
Description:
Borrower requested a $425,000 loan to begin construction on a single-family property in Lakeland, Florida. The property will feature 4 beds and 3 baths at 3,727 sq/ft. The target sale price for the completed property is estimated $1.1 million.
- Loan Amount: $425,000
- Date: September 2024