This is a $260,000 (60k @ closing) new construction loan request to complete two single-family homes located side by side in New Port Richey, FL. Each home features a 2-bedroom, 2-bathroom layout with approximately 1,585 square feet of living space and an attached garage. Borrower’s current plan is to sell one of the completed homes and refinance the other.
Collateral:
Type: Refinance
Description:
This request is for a $110,000 refinance loan secured by a single-family residence located in Palmetto, Florida. The subject property was built in 2001 and consists of a 3-bedroom, 2-bathroom home with 1,060 square feet of living area and a one-car garage. Borrower will refinance as the loan’s exit strategy.
- Loan Amount: $110,000
- Date: January 2026
