This was a $115,000 new construction loan request for a single-family property located in Port Charlotte, Florida. Once finished, the property will feature 3 bedrooms, 2 bathrooms, and 1,199 square feet of living space, complemented by 611 square feet of additional space for a lanai, 2-car garage, and front porch. They plan to sell the property upon completion as their primary loan exit strategy.
Collateral:
Type: Refinance
Description:
This request is for a $400,000 refinance loan secured by a single-family residence located in the Walden Lake Community in Plant City, Florida. The property features three bedrooms, five bathrooms, and an executive office that can also serve as an additional bedroom. The residence offers 4,444 square feet of living space on a 0.37-acre lot and is situated directly on a private golf course. Borrower exit strategy is to refinance into a DSCR loan after liquidating other investments.
- Loan Amount: $400,000
- Date: October 2025
