This new construction loan request is intended to develop a single-family home located at Mark Dr, Largo, FL. The subject property will feature 5 bedrooms, 4 bathrooms, a 3-car garage, and a private pool across 5,159 sq. ft. of living space. The subject property and the secondary collateral are located in the Collins Estates in Largo, FL. To secure the loan, the borrower pledged an additional piece of collateral at Rebecca Court, Largo, FL. The borrower intends to sell the property upon completion.
Collateral:
Type: New Construction
Description:
This is a $255,000 new construction loan request for a duplex located in Lake Wales, FL. The proposed duplex will consist of two units, each featuring three bedrooms, two bathrooms, and approximately 1,005 square feet of living space, totaling six bedrooms, four bathrooms, and 2,010 square feet of combined living space. Borrower’s refinancing strategy is designed to manage debt and cash flow based on rental income.
- Loan Amount: $255,000
- Date: June 2025
