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:
The borrower is requesting a $200,000 loan secured by a 3/2 single-family home. The borrower’s exit strategy is to refinance into a DSCR loan once the property has established rental history.
- Loan Amount: $200,000
- Date: June 2026
