This is a $360,000 loan request secured by two single-family residential properties in Tampa, Florida, and St. Petersburg, Florida. The first property, is a 1,755-square-foot, three-bedroom, three-bathroom home built in 1951. The second property is a 994-square-foot, two-bedroom, one-bathroom home built in 1962. The borrower plans to renovate and sell both properties upon completion as an exit to the loan.
Collateral:
Type: New Construction
Description:
This is a $200,000 new construction loan request for a single-family home located in Fort Myers, FL. Upon completion, the property will comprise two separate structures: the main residence, which features seven bedrooms and six bathrooms across 1,837 heated square feet, and a 550-square-foot studio suite, totaling 2,387 square feet of heated living area. Borrower exit strategy for this particular property is a long-term hold, with plans to refinance using a debt-service coverage ratio (DSCR) loan.
- Loan Amount: $200,000
- Date: June 2025