This is a $200,000 refinance loan request secured by a 1.18-acre vacant land parcel located in Tampa, Florida. The primary exit strategy is to proceed with vertical construction across multiple lots upon completion of plans and permit approvals, with the intention of securing construction financing.
Collateral:
Type: Refinance
Description:
Borrower requested a $200,000 refinance loan secured by a single-family residence in Tampa, Florida. Built in 1980, the property features 3 bedrooms, 2 bathrooms, and 1,562 square feet of living space situated on a 0.19-acre lot. Upon completion of the renovations, the borrower intends to refinance into a long-term DSCR loan as the exit strategy.
- Loan Amount: $200,000
- Date: August 2026
