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:

Borrower is secured by four properties: a luxury condominium in Miami, FL; a single-family home in Roswell, GA; and two properties in Greenwood, SC—a commercial building and a single-family home. The borrower intends to refinance the loan using a DSCR (Debt Service Coverage Ratio) product.

Collateral:

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Description:

The borrower has requested a $170,000 refinance loan on two manufactured mobile homes located in Haven and Branford, Florida. The mobile home located on Horseshoe Loop has 5 bedrooms and 2 bathrooms and spans 2,052 sq ft. The home on NW 37th Ct has 3 bedrooms, 2 bathrooms, and is 960 sq ft. The borrower intends on flipping the properties, and selling as an exit.

Collateral:

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Description:

Borrower requested a $100,000 loan to refinance a single-family property in Port Richey, Florida. The property features 2 beds and 2 baths at 1,606 sq/ft with an inground pool and a dock on Double Hammock Creek. The borrower plans to sell the property as an exit to the loan.