This is a $150,000 refinance loan request at 60% LTV for a single-family residential property in Tampa, Florida. The home features two bedrooms, one bathroom, 788 square feet of living space, and a pool on a corner lot. The primary plan for this loan is to acquire a new investment property, complete the project, and use the proceeds from the sale to pay off the subject property in full.
Collateral:
Type: New Construction
Description:
This is a $260,000 new construction loan request on a duplex located in Port Charlotte, FL, with an initial disbursement of $60,000 at closing. Upon completion, the property will consist of two units, each featuring 3 bedrooms, 2 bathrooms, 1,247 square feet of living space, and a 1-car garage. The borrower intends to refinance the property as the primary exit strategy.
- Loan Amount: $260,000
- Date: August 2025
