The borrower is requesting a $125,000 new construction loan for a single-family property in Port Charlotte, FL. Upon completion, the property will feature 3 bedrooms, 2 bathrooms, a laundry room, and 1,046 square feet of living space. The borrower plans to refinance as an exit to the loan.
Collateral:
Type: Refinance
Description:
This is a $550,000 loan request to finance the construction of a single-family property in Cape Coral, Florida. The planned property includes two stories, four bedrooms, four bathrooms, a two-car garage, an executive office, an inground pool, and 3,199 square feet of living space on a canal with a boat dock providing access to the Gulf of Mexico. The borrower plans to refinance as the exit strategy for this loan.
- Loan Amount: $550,000
- Date: January 2025