Borrower requested a $1,319,000 loan to purchase a single-family property in Naples, Florida. The borrower is additionally pledging a free and clear property in Tampa Fl as collateral for the loan. The borrower will be selling the San Rafael property as an exit to the loan.
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
