Borrower requested a $150,000 new construction loan to complete construction of a single-family property in New Port Richey, Florida. Upon completion, the property will feature 3 bedrooms, 2 bathrooms, 1,615 square feet of living space, and a 2-car garage. Upon completion of construction, the borrower intends to sell the home as the exit.
Collateral:
Type: Refinance
Description:
Borrower is requesting a $325,000 loan secured by a single-family property in Tampa, Florida. The property features 9 bedrooms, 5 bathrooms, 4,010 heated square feet, and sits on a 16,496-square-foot lot while being rented for $9,000 per month. The borrower plans to refinance the loan as exit strategy.
- Loan Amount: $325,000
- Date: September 2026
