Borrower requested a $180,000 loan to refinance a single-family property in New Port Richey,
Florida. The property features 3 beds and 1 bath at 1,351 sq/ft with a detached 2nd dwelling. The borrower plans to complete the rehab of the property and then refinance as an exit to the loan.
Collateral:
Type: Fix and Flip
Description:
This is a $305,000 acquisition (land) loan secured by a tear-down single- family property located in Clearwater Beach, Florida. The subject property sits on a 0.16-acre lot (7,083 square feet) in a flood zone. The primary exit strategy for this loan is to build and sell a new construciton property.
- Loan Amount: $305,000
- Date: January 2026
