Borrower requested an $85,000 loan to refinance a manufactured mobile home property in Dover, Florida. The property features 2 manufactured homes, the first featuring 4 beds and 2 baths at 1,512 sq/ft and the 2nd features 2 beds, 1 bath at 900 sq/ft.
Collateral:
Type: New Construction
Description:
This is a new construction loan for a single-family residence to be developed in Plant City, Florida. The proposed structure will feature six bedrooms, six bathrooms, and a two-car garage, totaling approximately 3,664 square feet. The primary exit strategy is to sell the completed property.
- Loan Amount: $460,000
- Date: April 2025