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: Fix and Lease
Description:
The borrower has requested a $242,000 loan to purchase a townhome in Wesley Chapel, Florida. The home was completed in 2025 and features 3 bedrooms, 2.5 bathrooms, and approximately 2,132 square feet of living space across two stories. The property also includes a two-car garage. As an exit strategy, borrower intends to refinance the property.
- Loan Amount: $242,000
- Date: June 2026
