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 is requesting a $325,000 loan secured by a single-family property in Tampa, Florida. The property features 9 bedrooms, 5 bathrooms, 4,010 heated square feet, and sits on a 16,496-square-foot lot while being rented for $9,000 per month. The borrower plans to refinance the loan as exit strategy.
- Loan Amount: $325,000
- Date: September 2026
