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 $480,000 new construction loan request, with $200,000 funded at closing, secured by a non-waterfront single-family-zoned lot in Redington Shores, Florida. The project will consist of a three-story, coastal-style home featuring three bedrooms, three bathrooms, approximately 2,072 heated square feet, and a two-car garage. The primary exit strategy is a retail sale.
- Loan Amount: $480,000
- Date: February 2026
