This is a $510,000 refinance loan secured by a single-family property in Palm Harbor and a multi-family property in Tarpon Springs, Florida. The Palm Harbor home is waterfront with 4 bedrooms, 3 bathrooms, 3,640 sq ft, and a detached 2-car garage. The Tarpon Springs property, classified as Multi-Fam <10 Units, sits on Lake Tarpon and includes two structures: a 3-bed, 1-bath, 1,522 sq ft home, and a 580 sq ft studio with 1 bath, on a 0.65-acre lot. The borrower plans to renovate Trent Rd and sell it as the loan exit.
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
