New Loan Funded!

3002 Ponderosa Trail, Wimauma, FL 33598

Collateral:

3002 Ponderosa Trail, Wimauma, FL 33598

Description:

Borrower requested a $110,000 refinance on a single-family new construction property in Wimauma, Florida. The borrower purchased the land for $40,000 in 2014 and invested roughly $273,000 to date in building a new construction single-family home. The property features 4 beds and 4 baths at 3,804 total sq/ft. Borrower will use the loan proceeds to fund the completion of the build, as he has used cash to this point, and plans to refinance and occupy the property as an exit to the loan.

Collateral:

Type:

Description:

This request is for a $60,000 refinance loan secured by a condominium property located in Zephyrhills, Florida. The collateral is a 2-bedroom, 2-bathroom unit with total 876 square feet. Borrower exit strategy for this loan is to sell the Zephyrhills property upon expiration of the lease.

Collateral:

Type:

Description:

This is a $200,000 refinance loan request secured by a single-family home in Orlando, FL. The subject property features 3 bedrooms, 2.5 bathrooms, 1,908 sq. ft. of living space, and a 2-car garage. The borrower intends to repay the loan using cash flow generated from primary business operations.

Collateral:

Type:

Description:

This request is for a $400,000 refinance loan secured by a single-family residence located in the Walden Lake Community in Plant City, Florida. The property features three bedrooms, five bathrooms, and an executive office that can also serve as an additional bedroom. The residence offers 4,444 square feet of living space on a 0.37-acre lot and is situated directly on a private golf course. Borrower exit strategy is to refinance into a DSCR loan after liquidating other investments.