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 $480,000 new construction loan request, with $200,000 funded at closing, secured by a non-waterfront single-family-zoned lot in Redington Shores, Florida. The project will consist of a three-story, coastal-style home featuring three bedrooms, three bathrooms, approximately 2,072 heated square feet, and a two-car garage. The primary exit strategy is a retail sale.
- Loan Amount: $480,000
- Date: February 2026
