Borrower requested a $360,000 loan to refinance a new construction, single-family property in Seffner, Florida. The Lime Ave property features 2,254 sq/ft with 4 beds and 3 baths. The property at 17th Ave St. Pete feature 2,232 sq/ft with 4 beds, 3 baths. Borrower will lease the Lime Ave property as an annual rental after the build and refinance as an exit to the loan.
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
