Borrower requested a $120,000 loan on a single-family property with an ADU in St. Petersburg, Florida. The main structure features 2 beds and 1 bath at 1,572 sq/ft and the ADU unit features 2 separate units, 1 bed and 1 bath each. The borrower plans to refinance as an exit to the loan.
Collateral:
Type: New Construction
Description:
This is a $150,000 new construction loan request for a single-family residence in Port Charlotte, FL. The home will offer three bedrooms, two bathrooms, 1,342 square feet of living space, and a one-car garage upon completion. The borrower exit strategy for this loan is to refinance upon completion.
- Loan Amount: $150,000
- Date: April 2025