This loan request is for a $110,000 secured by 2 condo units in New Port Richey and Temple Terrace, Florida. First condo has 2 bedrooms, 2 bathrooms, and 923 square feet of living space. Second condo includes 2 bedrooms, 2 bathrooms, and 960 square feet of living space. The borrowers plan to execute a partial principal paydown from the sale of the Temple Terrace property and ultimately refinance.
Collateral:
Type: New Construction
Description:
This loan totals $1,590,000, with $260,000 disbursed at closing, secured by a double-lot land asset located in Safety Harbor, Florida. The site consists of approximately 0.26 acres, and the borrower intends to subdivide the parcel and construct two new single-family homes. Each residence is planned as a two-story property featuring four bedrooms, four bathrooms, a two-car garage, and approximately 3,000 square feet of living space.
- Loan Amount: $1,590,000
- Date: February 2026
