The borrower requested a $150,000 loan to refinance a new construction single-family property in New Port Richey, Florida. The property is in the dried-in stage of construction and will feature 3 bedrooms, 2 bathrooms, 1,853 square feet of living space, a 2-car garage, and a home office. Their exit strategy for this loan is to sell the property.
Collateral:
Type: Refinance
Description:
This is a $60,000 refinance loan request secured by a free-and-clear single-family home located in Lehigh Acres, Florida. The subject property is a 3-bedroom, 1-bathroom residence offering 920 square feet of living space. The primary exit strategy for the loan is repayment through cash flow from business and secondary option is to refinance into a DSCR loan if additional time is needed.
- Loan Amount: $60,000
- Date: October 2025
