New Loan Funded!

8418 Fussel Dr. Zephyrhills FL 33545

Collateral:

8418 Fussel Dr. Zephyrhills FL 33545

Description:

Borrower requested a $110,000 loan to refinance a manufactured mobile home that sits on 1.69 acres in Zephyrhills, Fl. The borrower paid $210,000 for the property in 2022 and plans to build their new construction residential home on the land. The borrower plans to refinance in 30-90 days with a construction to permanent loan, using the closing funds to get past the slab stage to qualify for the loan.

Collateral:

Description:

Borrower has requested $125,000 to complete construction of a two-story, wood-frame duplex in Augusta, GA. Each unit of the duplex will offer 1,580 square feet of living space, with 794 square feet on the first floor and 786 square feet on the second. The borrower’s primary exit strategy is to sell the completed duplex.

Collateral:

Type:

Description:

Borrower requested a $190,000 loan modification to purchase a single-family property in Milton, FL. The property features 4 bedrooms and 3 bathrooms at 1,877 square feet of living space on 1.03 acres. The borrower plans to sell both homes as an exit strategy.

Collateral:

Description:

Borrower requested a $160,000 Fix & Lease loan secured by a single-family property in Zephyrhills, FL. The home features 2 bedrooms, 1.5 bathrooms with 1,080 square feet of living space, a 1 car garage and an inground pool on 0.22 acres. Once the renovations are complete, the borrower intends to refinance into a DSCR loan as the main exit strategy. As a secondary exit the borrower is open to selling the home.