Borrower requested a $350,000 loan to purchase a single-family property in Tampa, Florida. The property currently features 2 beds and 2 baths at 1,260 sq/ft on a 7,800 sq/ft lot. Borrower plans to refinance into a construction to perm loan for the construction financing once the permit is approved by the city.
Collateral:
Type: New Construction
Description:
This is a $380,000 new construction loan request for a single-family property located in St. Augustine, FL. The home will feature 3 bedrooms, 2.5 bathrooms, and an office that can serve as an additional bedroom, with a total of 2,256 square feet of living space. The borrower will refinance the subject property if the builds and the sales take longer than anticipated.
- Loan Amount: $380,000
- Date: December 2024
