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: New Construction
Description:
Borrower requested a $110,000 loan to complete construction of a single-family property in Lehigh, Florida. The property features 4 bedrooms and 3 bathrooms, 2,152 square feet of living space, and a 2-car garage on a 0.25-acre lot. Borrower plans to lease the property for an annual rental after the renovation and refinance as an exit to the loan.
- Loan Amount: $110,000
- Date: July, 2026
