This is a $150,000 new construction loan request for a single-family property in Saint Petersburg, Florida. The borrower plans to list the property for sale as the exit for this loan.
Collateral:
Type: Refinance
Description:
The borrower is requesting a $200,000 loan secured by a 3/2 single-family home. The borrower’s exit strategy is to refinance into a DSCR loan once the property has established rental history.
- Loan Amount: $200,000
- Date: June 2026
