Recent Loan Closings

Collateral:

Description:

This is a $200,000 new construction loan request for a single-family home located in Fort Myers, FL. Upon completion, the property will comprise two separate structures: the main residence, which features seven bedrooms and six bathrooms across 1,837 heated square feet, and a 550-square-foot studio suite, totaling 2,387 square feet of heated living area. Borrower exit strategy for this particular property is a long-term hold, with plans to refinance using a debt-service coverage ratio (DSCR) loan.

Collateral:

Type:

Description:

This is a $1,350,000 refinance loan request, secured by a 12-unit multifamily property located in Tampa, Florida. The property sits on 0.54 acres and is comprised of three separate buildings totaling 11,658 square feet. The unit mix includes three 3-bedroom/1-bath units, eight 2-bedroom/1-bath units, and one 1-bedroom/1-bath unit, with 13 designated parking spaces. The borrower plans to refinance to long-term debt as an exit to the loan.

Collateral:

Description:

This is a $380,000 new construction loan request for a duplex property located in St. Petersburg, FL. Upon completion, each unit will feature three bedrooms, one bathroom, and approximately 1,005 square feet of living space. The property sits on a double lot with road access from both sides. The borrower’s primary objective is to refinance and retain the property as a long-term investment.

Collateral:

Type:

Description:

This is a $100,000 refinance loan request at 50% loan-to-value (LTV), secured by a Lake Worth, Florida condominium unit. The property has two bedrooms, two and a half bathrooms, and approximately 1,500 square feet of living space. Borrower plans to complete the renovation and exit the loan through a conventional property sale.

Collateral:

Description:

This is a $180,000 new construction loan request. The loan is secured by a single-family residence in Winter Haven, Florida. Upon completion, the property will comprise three bedrooms and 2.5 bathrooms, totaling 1,536 square feet of living space. The design features two stories, with 625 square feet on the first level and 901 square feet on the second. Borrower intended exit strategy is a DSCR-based refinance.

Collateral:

Description:

This is a $255,000 new construction loan request for a duplex located in Lake Wales, FL. The proposed duplex will consist of two units, each featuring three bedrooms, two bathrooms, and approximately 1,005 square feet of living space, totaling six bedrooms, four bathrooms, and 2,010 square feet of combined living space. Borrower’s refinancing strategy is designed to manage debt and cash flow based on rental income.