New Loan Funded

Collateral:

5407 Two Ninety Nine, Dr, Land o Lakes FL 34638

Description:

Borrower requested a $100,000 loan to purchase a manufactured home property with .37 acres, 2 blocks off of a lake in Land O Lakes, Florida. The borrower paid $197,500 for the property and has a $75,000 construction budget planned. The borrower plans to renovate the existing manufactured home, install another manufactured home on the property and rent both units out as short-term vacation rentals.