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: New Construction
Description:
This is a $255,000 new construction loan request for a duplex located in Lake Wales, FL. The proposed duplex will consist of two units, each featuring three bedrooms, two bathrooms, and approximately 1,005 square feet of living space, totaling six bedrooms, four bathrooms, and 2,010 square feet of combined living space. Borrower’s refinancing strategy is designed to manage debt and cash flow based on rental income.
- Loan Amount: $255,000
- Date: June 2025
