Borrower requested a $150,000 loan to purchase a 4,212 square foot commercial building located in Largo, FL. Borrower is a Church, and the church plans to remodel the building to fit their specific religious needs. Property had a roof replacement in 2017, and is zoned for retail stores.
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