Borrower requested a $75,000 loan to purchase a single-family property in Port Charlotte, Florida. The property features 2 beds and 1 bath at 768 sq/ft sitting on a 0.17 acre lot. Borrower plans to either sell the property or refinance and hold the asset long term as an exit to the loan.
Collateral:
Type: Refinance
Description:
The borrower is requesting a $125,000 first-lien refinance secured by a vacant lakefront parcel located on Lakeside Dr.,Lutz, FL. The collateral consists of a 0.42-acre irregular-shaped unimproved lot with approximately 80 linear feet of direct frontage on a private ski lake. The borrower’s exit strategy is an o sale of the subject parcel.
- Loan Amount: $125,000
- Date: September 2026
