The borrower requested a $292,000 loan to refinance a newly built single-family property in Palm Bay, Florida. The property features 5 beds and 3 baths at 4,019 sq/ft. The borrower plans to refinance to a DSCR program as an exit to the loan.
Collateral:
Type: Fix and Flip
Description:
This is a $305,000 acquisition (land) loan secured by a tear-down single- family property located in Clearwater Beach, Florida. The subject property sits on a 0.16-acre lot (7,083 square feet) in a flood zone. The primary exit strategy for this loan is to build and sell a new construciton property.
- Loan Amount: $305,000
- Date: January 2026
