New Loan Funded

Collateral:

7215 S Germer St, Tampa, Fl, 33616

Description:

Borrower requested a $180,000 loan, to purchase a commercial property in South Tampa, Florida. The borrower paid $420,000 for the property and sold another double lot in south tampa for $255,000 simultaneously and used proceeds from the other sale as a down payment. Borrower plans to use the property for his business equipment and refinance to long term debt as an exit to the loan.