Borrower requested a $120,000 construction loan, to complete construction of a duplex in Lehigh Acres, Florida. Upon completion, the property will consist of 2,398 square feet of living area and feature 6 bedrooms, 4 bathrooms, and two one-car garages. Each unit will include 3 bedrooms, 2 bathrooms, 1,199 square feet of living space, and a one-car garage. The borrower’s primary exit strategy is to sell the property upon completion.
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
