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: Refinance
Description:
This is a $550,000 loan request to finance the construction of a single-family property in Cape Coral, Florida. The planned property includes two stories, four bedrooms, four bathrooms, a two-car garage, an executive office, an inground pool, and 3,199 square feet of living space on a canal with a boat dock providing access to the Gulf of Mexico. The borrower plans to refinance as the exit strategy for this loan.
- Loan Amount: $550,000
- Date: January 2025