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: New Construction
Description:
Borrower requested a $110,000 loan to complete construction of a single-family property in Lehigh, Florida. The property features 4 bedrooms and 3 bathrooms, 2,152 square feet of living space, and a 2-car garage on a 0.25-acre lot. Borrower plans to lease the property for an annual rental after the renovation and refinance as an exit to the loan.
- Loan Amount: $110,000
- Date: July, 2026
