Borrower requested a $4,800,000 loan to refinance a single-family property in Indian Creek, Florida (Billionaires Bunker). The property features 10 beds and 8 baths at 20,296 sq/ft sitting on a 1.82 acre lot. The borrower plans to liquidate a portion of their real estate portfolio to satisfy this mortgage.
Collateral:
Type: New Construction
Description:
This is a new construction loan for a single-family residence to be developed in Plant City, Florida. The proposed structure will feature six bedrooms, six bathrooms, and a two-car garage, totaling approximately 3,664 square feet. The primary exit strategy is to sell the completed property.
- Loan Amount: $460,000
- Date: April 2025