This is a $130,000 new construction loan request, with $50,000 to be disbursed at closing, for a single-family residence located in Port Charlotte, Florida. Once finished, the property will feature three bedrooms, two bathrooms, and approximately 1,046 square feet of living space. Borrower has good credit score and is qualified to refinance the property if needed.
Collateral:
Type: Refinance
Description:
Borrower requested a $200,000 refinance loan secured by a single-family residence in Tampa, Florida. Built in 1980, the property features 3 bedrooms, 2 bathrooms, and 1,562 square feet of living space situated on a 0.19-acre lot. Upon completion of the renovations, the borrower intends to refinance into a long-term DSCR loan as the exit strategy.
- Loan Amount: $200,000
- Date: August 2026
