New Loan Funded

Collateral:

1169 Kingsley St, Clearwater, FL 33756

Description:

Borrower requested a $258,000 loan to purchase a single-family property that includes an efficiency suite and two additional, adjoining vacant lots in Clearwater, Florida. The borrower paid $345,000 for the property and has a $75,000+ construction budget planned for the existing property, that features 2 beds and 2 baths at 1500 sq/ft. Borrower plans to remodel the existing home and efficiency, and to build two smaller new construction homes on the adjoining vacant lots with his own capital.