Borrower requested a $230,000 new construction loan, to complete construction of a single-family home in St. Petersburg, Florida. Upon completion, the home will feature 3 bedrooms, 2 bathrooms, and 1,615 square feet of living space. The borrower intends to sell the property as the exit strategy.
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
