This is a $120,000 new-construction loan, secured by a duplex in Panama City, Florida. The property is currently estimated to consists of two units, each featuring 3 bedrooms, 2 bathrooms, 1,384 square feet of living area, and a one-car garage. Borrower preferred exit strategy is to refinance.
Collateral:
Type: New Construction
Description:
This is a $480,000 new construction loan request, with $200,000 funded at closing, secured by a non-waterfront single-family-zoned lot in Redington Shores, Florida. The project will consist of a three-story, coastal-style home featuring three bedrooms, three bathrooms, approximately 2,072 heated square feet, and a two-car garage. The primary exit strategy is a retail sale.
- Loan Amount: $480,000
- Date: February 2026
