New Loan Funded

Collateral:

7544 Mitchell Ranch Rd, NPR, FL 34655 & 10415 Hazel Ave, Hudson, Fl 34669

Description:

Borrower requested a $365,000 loan to purchase a manufactured mobile home property on 2.44 acres in Hudson, Florida. The borrower paid $190,000 for the property and plans to add 1,800 sq/ft to the existing garage while renovating and renting out the mobile home. Additionally, the borrower is pledging a recently renovated, vacant property that was initially going to be flipped. The property is currently appraised for $335,000.