This request represents a $2.3 million new-construction loan, with $340,000 to be funded at closing and a $1,960,000 construction holdback, secured by the Townhomes. The borrower’s primary exit strategy remains the retail sale of all units upon completion.
Collateral:
Type: Refinance
Description:
This is a $100,000 refinance loan request secured by a single-family property located in Odessa, FL. The subject property, built in 2023, features 4 bedrooms, 3.5 bathrooms, and 3,038 square feet of living space. The exit strategy is the sale of the property
- Loan Amount: $100,000
- Date: April 2026
