This is a $375,000 refinance/new-construction loan request secured by a single-family residence and the adjacent vacant lot in St. Petersburg, Florida. The existing home was built in 1953 and features 2 bedrooms, 1 bathroom, 624 square feet of living space, a one-car garage, and is situated on 0.26 acres. The primary strategy is to sell as an exit to the loan.
Collateral:
Type: Refinance
Description:
The borrower is requesting a $125,000 first-lien refinance secured by a vacant lakefront parcel located on Lakeside Dr.,Lutz, FL. The collateral consists of a 0.42-acre irregular-shaped unimproved lot with approximately 80 linear feet of direct frontage on a private ski lake. The borrower’s exit strategy is an o sale of the subject parcel.
- Loan Amount: $125,000
- Date: September 2026
