Borrower requested a $650,000 new construction loan to begin construction of a single-family residence in Tampa, Florida. When completed, the property will feature 4 bedrooms and 4 bathrooms, with a covered lanai and 3,105 square feet of living space. The borrower plans to list the property for sale as an exit to the loan.
Collateral:
Type: Refinance
Description:
This is a $150,000 refinance loan request secured by a single-family residence located in Tampa, Florida. The subject property includes three bedrooms, two bathrooms, and approximately 1,200 square feet of living space. The borrower plans to refinance into a DSCR loan as an exit from the loan.
- Loan Amount: $150,000
- Date: May 2025
