New Loan Funded!

5410 15th Ave S Gulfport, Florida 33707

Collateral:

5410 15th Ave S Gulfport, Florida 33707

Description:

Borrower requested a $94,500 loan to purchase a fix and flip single family property in Gulfport, Florida. The property was purchased for $134,990 and the borrower plans to self perform and fund a full renovation estimated around $40,000. The property has had a new roof replacement in 2020.

Collateral:

Description:

This is a $200,000 new construction loan request for a single-family home located in Fort Myers, FL. Upon completion, the property will comprise two separate structures: the main residence, which features seven bedrooms and six bathrooms across 1,837 heated square feet, and a 550-square-foot studio suite, totaling 2,387 square feet of heated living area. Borrower exit strategy for this particular property is a long-term hold, with plans to refinance using a debt-service coverage ratio (DSCR) loan.

Collateral:

Type:

Description:

This is a $1,350,000 refinance loan request, secured by a 12-unit multifamily property located in Tampa, Florida. The property sits on 0.54 acres and is comprised of three separate buildings totaling 11,658 square feet. The unit mix includes three 3-bedroom/1-bath units, eight 2-bedroom/1-bath units, and one 1-bedroom/1-bath unit, with 13 designated parking spaces. The borrower plans to refinance to long-term debt as an exit to the loan.

Collateral:

Description:

This is a $380,000 new construction loan request for a duplex property located in St. Petersburg, FL. Upon completion, each unit will feature three bedrooms, one bathroom, and approximately 1,005 square feet of living space. The property sits on a double lot with road access from both sides. The borrower’s primary objective is to refinance and retain the property as a long-term investment.