This request is for a $300,000 second-position construction loan on a waterfront single-family residence in Tampa, Florida. The property will feature 5,088 square feet of living area across two stories, comprising six bedrooms and 5.5 bathrooms. The home will also feature a roof deck, a covered lanai, an outdoor living space, a gym, a home theater, an elevator, and a four-car garage with ample storage. Borrower strategy is to refinance the property upon completion.
Collateral:
Type: New Construction
Description:
This is a $120,000 new construction loan request secured by a single-family home located in Spring Hill, Florida. The property is being built as a 4-bedroom, 2-bathroom residence with a 2-car garage, totaling 2,123 square feet. The home is fully dried in, with interior drywall and texture finished, bathroom tile installed, and all exterior work complete except for landscaping and the driveway. The planned exit strategy is to sell the property upon completion.
- Loan Amount: $120,000
- Date: September 2025
