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 is a $255,000 new construction loan request for a duplex located in Lake Wales, FL. The proposed duplex will consist of two units, each featuring three bedrooms, two bathrooms, and approximately 1,005 square feet of living space, totaling six bedrooms, four bathrooms, and 2,010 square feet of combined living space. Borrower’s refinancing strategy is designed to manage debt and cash flow based on rental income.
- Loan Amount: $255,000
- Date: June 2025
