This loan is for $600,000 to acquire two lots in Largo, Florida. The borrower is pledging two parcels of land totaling 0.59 acres, with a combined purchase price of over $ 1 M+. The borrower plans to build 2 new construction homes and then sell them for profit as an exit strategy for the loan.
Collateral:
Type: Refinance
Description:
This request is for a $400,000 refinance loan secured by a single-family residence located in the Walden Lake Community in Plant City, Florida. The property features three bedrooms, five bathrooms, and an executive office that can also serve as an additional bedroom. The residence offers 4,444 square feet of living space on a 0.37-acre lot and is situated directly on a private golf course. Borrower exit strategy is to refinance into a DSCR loan after liquidating other investments.
- Loan Amount: $400,000
- Date: October 2025