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:
Borrower requested a $110,000 loan to complete construction of a single-family property in Lehigh, Florida. The property features 4 bedrooms and 3 bathrooms, 2,152 square feet of living space, and a 2-car garage on a 0.25-acre lot. Borrower plans to lease the property for an annual rental after the renovation and refinance as an exit to the loan.
- Loan Amount: $110,000
- Date: July, 2026
