New Loan Funded!

5 Villa’s located at Barclay Ave, Spring Hill, FL 34609

Collateral:

5 Villa's located at Barclay Ave, Spring Hill, FL 34609

Description:

Borrower requested a $615,000 loan to purchase five villas in Springhill, Florida. The borrower is paying $590,000 for the package of properties and has a $50,000 construction budget planned total. Each villa features 2 beds and 2 baths at roughly 972 sq/ft. Additionally, the borrower is collateralizing two rental properties, owned free and clear. A manufactured mobile home remodelled and renting for around $1,200/month and a SFR remodelled and rented for $1,375/month. Borrower plans to lease the properties as annual rentals after the renovation and refinance as an exit to the loan.

Collateral:

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Description:

This is a $200,000 TRID-compliant second mortgage loan request secured by a single-family residence located in Belleair, Florida. The home is a four-bedroom, three-bathroom property with a pool and 2,461 square feet of living space, a two-car garage, and sits on a 0.36-acre lot. Borrower intended exit strategy is to refinance the property and consolidate both the first and second mortgages.

Collateral:

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Description:

This is a $160,000 new construction loan request, with $75,000 to be disbursed at closing, secured by a single-family residence located in Lehigh Acres, Florida. The finished home will include three bedrooms, two and a half bathrooms, a double garage, an office, and an in-ground pool, with 1,640 square feet of heated living space. Borrower is open to either selling the property or refinancing and converting it into their primary residence.

Collateral:

Description:

This is a $460,000 new construction loan request from a returning client, with $160,000 to be disbursed at closing for the development of a Townhouse (Duplex) in Saint Cloud, Florida. The planned Townhomes / Duplex will consist of two identical units, each featuring three bedrooms, 2.5 bathrooms, a two-car garage, front porch, backyard, and a media room that can double as an office or fourth bedroom. Borrower exit strategy is to refinance the subject duplex upon stabilization.