Recent Loan Closings

Collateral:

Description:

This request is for a $260,000 new construction loan secured by two to-be-built single-family homes (to be built) and two additional neighboring subdivided lots pledged as collateral. The first will consist of three bedrooms, two bathrooms, approximately 1,704 square feet of living area, and a two-car garage. The second will include three bedrooms, 2.5 bathrooms, approximately 1,777 heated square feet, and a two-car garage. Borrower primary exit strategy is to sell the property after completion.

Collateral:

Type:

Description:

This is a $150,000 loan request secured by vacant land located in Clearwater, Florida. The property is classified as vacant residential land consisting of a lot and acreage under five acres, with no existing improvements. The anticipated sale of the property will serve as the exit strategy for repayment of the loan.

Collateral:

Type:

Description:

This is a $120,000 refinance loan request secured by a free-and-clear single-family residence located in Lakeland, Florida. The property was built in 1972 and consists of three bedrooms, two bathrooms, and approximately 1,624 square feet of living space, situated on a 0.35-acre lot with a two-car garage. The borrower is completing this refinance as an exit strategy, with the intent to transition into a DSCR loan.

Collateral:

Type:

Description:

This is a $236,000 fix and flip loan request secured by a single-family property located in Tampa, Florida. Originally built in 1938, the property currently comprises 3 bedrooms, 1 bathroom, and 1,147 square feet of living area, situated on a 0.11-acre lot. Borrower exit strategy is to complete the renovation and list the property for sale.

Collateral:

Type:

Description:

Borrower requested a $80,000 loan to refinance a duplex property in Jacksonville, Florida. Built in 1929 the property features 6 bedrooms, 4.5 bathrooms and 2,580 square feet of living space. The borrower plans to refinance as an exit strategy.

Collateral:

Description:

This request is for a $450,000 new construction loan, with $125,000 to be funded at closing, secured by a new construction single family proeprty located in Dover, Florida. The property will feature a two-story single-family residence with four bedrooms and four bathrooms, totaling 3,745 square feet of living area and a two-car garage, situated on a 1.2-acre lakefront lot backing up to a private lake. The primary exit strategy is a refinance into long-term financing upon completion, though the borrower has stated he would consider a sale if market conditions warrant.