New Loan Funded

Collateral:

5756 Garfield Way, Homosassas Fl 34448

Description:

Borrower requested a $110,000 loan to purchase a $190,000 property in Homosassa, FL that includes a 1.64 acres featuring 5 manufactured mobile homes. All 5 units are currently leased for a combined $2,275/month, and the borrower is planning minor repairs and updates estimating around $5,000-$7,000 per unit. This purchase includes an additional parcel that was not in the previous $115,000 sale in 2020.