The borrower has requested a $2,900,000 loan to purchase a beachfront lot in Belleair Shore, Florida, where they plan to build a modern luxury mansion. Bellaire Shores features a private, one-mile stretch of highly coveted oceanfront property. The borrower will secure a construction loan as an exit to the bridge.
Collateral:
Type: Refinance
Description:
Borrower requested a $200,000 refinance loan secured by a single-family residence in Tampa, Florida. Built in 1980, the property features 3 bedrooms, 2 bathrooms, and 1,562 square feet of living space situated on a 0.19-acre lot. Upon completion of the renovations, the borrower intends to refinance into a long-term DSCR loan as the exit strategy.
- Loan Amount: $200,000
- Date: August 2026
