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 is a new construction loan for a single-family residence to be developed in Plant City, Florida. The proposed structure will feature six bedrooms, six bathrooms, and a two-car garage, totaling approximately 3,664 square feet. The primary exit strategy is to sell the completed property.
- Loan Amount: $460,000
- Date: April 2025