New Loan Funded!

602 & 604 Channel Dr, Davis Island Fl 33606

Collateral:

602 & 604 Channel Dr, Davis Island Fl 33606

Description:

SALE DATE: 07/30/2021
MARKET: Davis Island, Tampa
ASSET TYPE: Development Site, Double Lot
BUYER/BORROWER: Starkus Development LLC
BROKERS: Kevin Lee & Daven Henry
DEVELOPER: LuCapital Management & Legion Construction

SALE PRICE: $1,600,000
ARV: 3,000,000 ea.

Collateral:

Type:

Description:

The borrower is requesting a $200,000 loan secured by a 3/2 single-family home. The borrower’s exit strategy is to refinance into a DSCR loan once the property has established rental history.

Collateral:

Type:

Description:

The borrower is requesting a $150,000 loan to acquire a single-family residence located in Tampa, Florida. The property consists of 3 bedrooms, 2 bathrooms, and approximately 1,378 square feet of living area. The borrower’s exit strategy is the retail sale of the property.

Collateral:

Description:

This is a $150,000 new construction loan request for a single-family property in Saint Petersburg, Florida. The borrower plans to list the property for sale as the exit for this loan.