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: Fix and Flip
Description:
This is a $305,000 acquisition (land) loan secured by a tear-down single- family property located in Clearwater Beach, Florida. The subject property sits on a 0.16-acre lot (7,083 square feet) in a flood zone. The primary exit strategy for this loan is to build and sell a new construciton property.
- Loan Amount: $305,000
- Date: January 2026
