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:
The borrower is requesting a $125,000 first-lien refinance secured by a vacant lakefront parcel located on Lakeside Dr.,Lutz, FL. The collateral consists of a 0.42-acre irregular-shaped unimproved lot with approximately 80 linear feet of direct frontage on a private ski lake. The borrower’s exit strategy is an o sale of the subject parcel.
- Loan Amount: $125,000
- Date: September 2026
