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: New Construction
Description:
Borrower requested a $110,000 loan to complete construction of a single-family property in Lehigh, Florida. The property features 4 bedrooms and 3 bathrooms, 2,152 square feet of living space, and a 2-car garage on a 0.25-acre lot. Borrower plans to lease the property for an annual rental after the renovation and refinance as an exit to the loan.
- Loan Amount: $110,000
- Date: July, 2026
