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New Loan Funded!

608 38th St S, St. Petersburg, FL 33711

608 38th St S, St. Petersburg, FL 33711

Collateral:

608 38th St S, St. Petersburg, FL 33711

Description:

Borrower requested a $108,500 loan to purchase a $155,000, 2 bed 1 bath property in St, Petersburg Florida. The property is set to undergo a $15,000 cosmetic renovation before being rented out for long term housing. Borrower plans to exit the loan with a bank refinance, adding the property to his rental portfolio as it is in a desirable location.

  • Asset Value: 155,000$
  • Loan Amount: 108,500$
  • Loan to Value: 70%
  • Term: 1 Year
  • Prepayment Penalty: None

New Loan Funded

Collateral:

St Augusta, Ga

Type:

Description:

Borrower has requested $125,000 to complete construction of a two-story, wood-frame duplex in Augusta, GA. Each unit of the duplex will offer 1,580 square feet of living space, with 794 square feet on the first floor and 786 square feet on the second. The borrower’s primary exit strategy is to sell the completed duplex.

  • Loan Amount: $125,000
  • Date: October 2026

New Loan Funded

Collateral:

Pensacola, FL & Milton, FL

Type:

Description:

Borrower requested a $190,000 loan modification to purchase a single-family property in Milton, FL. The property features 4 bedrooms and 3 bathrooms at 1,877 square feet of living space on 1.03 acres. The borrower plans to sell both homes as an exit strategy.

  • Loan Amount: $320,000
  • Date: October 2026

New Loan Funded

Collateral:

Zephyrhills, FL

Type:

Description:

Borrower requested a $160,000 Fix & Lease loan secured by a single-family property in Zephyrhills, FL. The home features 2 bedrooms, 1.5 bathrooms with 1,080 square feet of living space, a 1 car garage and an inground pool on 0.22 acres. Once the renovations are complete, the borrower intends to refinance into a DSCR loan as the main exit strategy. As a secondary exit the borrower is open to selling the home.

  • Loan Amount: $160,000
  • Date: September 2026