The borrower requested a $360,000 loan to purchase a single-family property in Spring Hill, Florida. The property at Highgrove Rd features 2 beds and 1 bath at 1,364 sq/ft. The property, located at River Rd features 3 beds and 2 baths at 1,902 sq/ft. Borrower plans to sell the property on River Road as an exit to the loan.
Collateral:
Type: New Construction
Description:
This is a $255,000 new construction loan request for a duplex located in Lake Wales, FL. The proposed duplex will consist of two units, each featuring three bedrooms, two bathrooms, and approximately 1,005 square feet of living space, totaling six bedrooms, four bathrooms, and 2,010 square feet of combined living space. Borrower’s refinancing strategy is designed to manage debt and cash flow based on rental income.
- Loan Amount: $255,000
- Date: June 2025
