New Loan Funded

Collateral:

1001 NE 1st Mulberry Fl 33860 & 2150 Limedale Rd, Lakeland Fl 33809

Description:

Borrower requested a $265,000 loan to purchase and remodel a triplex in Mulberry Florida, while additionally pledging a cash flowing single family rental property in Lakeland, Florida as collateral for the loan. The Triplex is being purchased for $190,000 and has a $50,000 remodel planned. The cash flowing lakeland property is rented for $2,500/month.