Borrower requested a $1,200,000 loan to refinance a Commercial property in St Petersburg, Florida. The property is a commercial building 9,660 sqft sitting on 1.78 acres.
Collateral:
Type: New Construction
Description:
Borrower requested a $425,000 loan to begin construction on a single-family property in Lakeland, Florida. The property will feature 4 beds and 3 baths at 3,727 sq/ft. The target sale price for the completed property is estimated $1.1 million.
- Loan Amount: $425,000
- Date: September 2024