This is a $160,000 new construction loan request, with $75,000 to be disbursed at closing, secured by a single-family residence located in Lehigh Acres, Florida. The finished home will include three bedrooms, two and a half bathrooms, a double garage, an office, and an in-ground pool, with 1,640 square feet of heated living space. Borrower is open to either selling the property or refinancing and converting it into their primary residence.
Collateral:
Type: New Construction
Description:
Borrower requested a $110,000 loan to complete construction of a single-family property in Lehigh, Florida. The property features 4 bedrooms and 3 bathrooms, 2,152 square feet of living space, and a 2-car garage on a 0.25-acre lot. Borrower plans to lease the property for an annual rental after the renovation and refinance as an exit to the loan.
- Loan Amount: $110,000
- Date: July, 2026
