New Loan Funded!

828 & 829 Minnesota St, Latana, FL 33462

Collateral:

828 & 829 Minnesota St, Latana, FL 33462

Description:

The borrower requested a $1,200,000 loan to refinance a legal 11 unit multifamily property in Latana, Florida. The borrower was previously the tenant and ran a drug rehabilitation & wellness center. The borrower then purchased the property for $1,600,000 and is midway through a $400,000 renovation to increase the bed count of the facility.

Collateral:

Type:

Description:

This request is for a $60,000 refinance loan secured by a condominium property located in Zephyrhills, Florida. The collateral is a 2-bedroom, 2-bathroom unit with total 876 square feet. Borrower exit strategy for this loan is to sell the Zephyrhills property upon expiration of the lease.

Collateral:

Type:

Description:

This is a $200,000 refinance loan request secured by a single-family home in Orlando, FL. The subject property features 3 bedrooms, 2.5 bathrooms, 1,908 sq. ft. of living space, and a 2-car garage. The borrower intends to repay the loan using cash flow generated from primary business operations.

Collateral:

Type:

Description:

This request is for a $400,000 refinance loan secured by a single-family residence located in the Walden Lake Community in Plant City, Florida. The property features three bedrooms, five bathrooms, and an executive office that can also serve as an additional bedroom. The residence offers 4,444 square feet of living space on a 0.37-acre lot and is situated directly on a private golf course. Borrower exit strategy is to refinance into a DSCR loan after liquidating other investments.