Borrower is requesting a $450,000 construction loan, with $125,000 funded at closing, to continue construction of a single-family residence in Englewood, Florida. Upon completion, the home will feature 4 bedrooms, 4.5 bathrooms, 4,067 square feet of living space, two stories, a 3-car garage, and an in-ground pool. The borrower plans to refinance the property upon completion as the exit strategy.
Collateral:
Type: Refinance
Description:
The borrower is requesting a $125,000 first-lien refinance secured by a vacant lakefront parcel located on Lakeside Dr.,Lutz, FL. The collateral consists of a 0.42-acre irregular-shaped unimproved lot with approximately 80 linear feet of direct frontage on a private ski lake. The borrower’s exit strategy is an o sale of the subject parcel.
- Loan Amount: $125,000
- Date: September 2026
