This request is for a $450,000 new construction loan, with $125,000 to be funded at closing, secured by a new construction single family proeprty located in Dover, Florida. The property will feature a two-story single-family residence with four bedrooms and four bathrooms, totaling 3,745 square feet of living area and a two-car garage, situated on a 1.2-acre lakefront lot backing up to a private lake. The primary exit strategy is a refinance into long-term financing upon completion, though the borrower has stated he would consider a sale if market conditions warrant.

This request is for a $240,000 new construction loan, with $110,000 to be funded at closing, secured by a single-family residence located in St. Petersburg. The property will feature three bedrooms, two bathrooms, and approximately 1,500 square feet of living space. The primary exit strategy is to complete construction, obtain a certificate of occupancy, and sell the property. As a secondary exit strategy, the borrower maintains a strong credit profile and can refinance the property if market conditions require additional time to achieve a sale.