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: New Construction
Description:
This is a $150,000 new construction loan request for a single-family residence in Port Charlotte, FL. The home will offer three bedrooms, two bathrooms, 1,342 square feet of living space, and a one-car garage upon completion. The borrower exit strategy for this loan is to refinance upon completion.
- Loan Amount: $150,000
- Date: April 2025