Recent Loan Closings

Collateral:

Type:

Description:

This request is for a $110,000 refinance loan secured by a single-family residence located in Palmetto, Florida. The subject property was built in 2001 and consists of a 3-bedroom, 2-bathroom home with 1,060 square feet of living area and a one-car garage. Borrower will refinance as the loan’s exit strategy.

Collateral:

Description:

This is a $94,000 fix-and-lease loan secured by a double-wide mobile home located in the Highlands Meadows area of Spring Hill, Florida. The home features three bedrooms, two bathrooms, and approximately 1,800 square feet of living area and is currently in poor condition. The primary exit strategies of borrower is to loan refinance or cash repayment.

Collateral:

Description:

This is a $120,000 new-construction loan, secured by a duplex in Panama City, Florida. The property is currently estimated to consists of two units, each featuring 3 bedrooms, 2 bathrooms, 1,384 square feet of living area, and a one-car garage. Borrower preferred exit strategy is to refinance.

Collateral:

Type:

Description:

This is a $70,000 refinance loan request, secured by a single-family residence located in Panama City, Florida. The subject property was built in 1952 and consists of a 4-bedroom, 3-bathroom home with a one-car garage, totaling 2,416 square feet, along with an oversized detached garage, situated on one acre of land. Borrower exit strategy is to either retain the property as employee rental or sell the property.

Collateral:

Type:

Description:

This is a $115,000 refinance loan request secured by a single-family property in Spring Hill, Florida. The property is a two-story, 4-bedroom, 3-bathroom home with an office, totaling 2,356 sq. ft., built in 2003. The primary strategy upon completing the rehab is to sell the property.

Collateral:

Type:

Description:

The borrower is requesting an $80,000 refinance loan secured by a single-family property in Winter Haven, Florida. The home features 2 bedrooms, 2 bathrooms, 1,693 square feet of living space, and a 2-car garage. Borrower’s exit strategy is to refinance into long-term financing.