The borrower requested a $360,000 refinance loan for a duplex located in Fort Lauderdale, Florida. The building comprises two units, each offering three bedrooms, 2.5 bathrooms, and 1,448 square feet of living space. The borrower can refinance as an exit strategy but may also consider selling the property depending on the price the market will generate.
Collateral:
Type: New Construction
Description:
This is a $260,000 new construction loan request on a duplex located in Port Charlotte, FL, with an initial disbursement of $60,000 at closing. Upon completion, the property will consist of two units, each featuring 3 bedrooms, 2 bathrooms, 1,247 square feet of living space, and a 1-car garage. The borrower intends to refinance the property as the primary exit strategy.
- Loan Amount: $260,000
- Date: August 2025
