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 $400,000 refinance loan secured by a single-family residence located in the Walden Lake Community in Plant City, Florida. The property features three bedrooms, five bathrooms, and an executive office that can also serve as an additional bedroom. The residence offers 4,444 square feet of living space on a 0.37-acre lot and is situated directly on a private golf course. Borrower exit strategy is to refinance into a DSCR loan after liquidating other investments.
- Loan Amount: $400,000
- Date: October 2025