Borrower requested a $390,000 loan to purchase a single-family property in Zephyrhills, Florida. The borrower paid $650,000 for the property. The property features 2 beds, 4 baths, and office space at 2,307 sq/ft on a 4-acre lot. The property was fully renovated and features an open floor plan, with a separate garage and pool. The borrower plans to use the property as a second home and plans to sell other free & clear property as an exit to this loan.
Collateral:
Type: New Construction
Description:
The borrower requested a new construction loan for a waterfront luxury single-family residence in Tampa, FL. The residence will feature 6 bedrooms, 7 bathrooms, 3 powder rooms, a 4-car garage, and 10,882 heated square feet. The planned amenities include a home theater, a golf simulator, a speakeasy bar with hidden doors, an elevator, a full gym with a recovery room and sauna, and a dedicated entertainment room for children. The exterior will feature a full outdoor kitchen, pool and spa, a covered cabana with an entertainment area, and a comprehensive dock with multiple boat slips, lifts, and a jet ski dock. Borrower’s primary exit strategy is to sell a property.
- Loan Amount: $6,850,000
- Date: November 2025
