The borrower requested a $425,000 loan to refinance a single-family property in
Brooksville, Florida. The equestrian estate property features 4 beds and 4 baths at 3,112 sq/ft, and a
horse stable on 9.9 acres. The borrower intends to sell the property to exit the loan.
Collateral:
Type: New Construction
Description:
This loan totals $1,590,000, with $260,000 disbursed at closing, secured by a double-lot land asset located in Safety Harbor, Florida. The site consists of approximately 0.26 acres, and the borrower intends to subdivide the parcel and construct two new single-family homes. Each residence is planned as a two-story property featuring four bedrooms, four bathrooms, a two-car garage, and approximately 3,000 square feet of living space.
- Loan Amount: $1,590,000
- Date: February 2026
