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 request is for a $260,000 new construction loan secured by two to-be-built single-family homes (to be built) and two additional neighboring subdivided lots pledged as collateral. The first will consist of three bedrooms, two bathrooms, approximately 1,704 square feet of living area, and a two-car garage. The second will include three bedrooms, 2.5 bathrooms, approximately 1,777 heated square feet, and a two-car garage. Borrower primary exit strategy is to sell the property after completion.
- Loan Amount: $260,000
- Date: March 2026
