Lendyx Provides $5 Million Construction Loan For Spec Homes Development In Hollywood Florida

The asset involved in the transaction is a single-family property located at 824 Polk Street in Hollywood, Florida. The loan amount for the property is $5,000,000, which is categorized under construction loan type. This property is part of a multi-parcel project consisting of adjacent ground-up spec homes. The structured loans are intended to facilitate coordinated closings and synchronized draws, ensuring the simultaneous progress of both projects from commencement.

Summary of transaction details:

• Property Type: Single Family
• Transaction Amount: $5,000,000
• Lender: Michael Tarich - Lendyx
• Date: 04/17/2026
• Market: Hollywood

Michael Tarich from Lendyx represents the lender in this transaction, underscoring the lender's role in supporting the development of the properties. The strategic structuring of the loans is designed to keep the development aligned effectively from the very start of the projects, highlighting the importance of timing in the execution of multi-parcel developments.