New Loan Funded!

22nd Ave, Tampa, FL

Collateral:

22nd Ave, Tampa, FL

Description:

This is a $186,000 fix-and-lease loan request ($161,000 at closing) for a single-family property in Tampa, FL. The home features three bedrooms, two bathrooms, and 1,288 square feet of living space. It has already been gutted and reframed, with partially completed bathrooms and flooring. The borrower plans to refinance through a DSCR loan as the exit strategy.

Collateral:

Description:

Borrower requested a $650,000 loan to purchase a single-family property in Tarpon Springs, Florida. The property being purchased features 2 beds and 2 baths at 2,188 sq/ft with a pool. The borrower is cross collateralizing another property in pristine condition, featuring 4 beds and 5 baths in 3,849 sq/ft with a pool. The borrower will be selling the property as an exit from the loan.

Collateral:

Description:

This is a $110,000 new construction loan request to complete the construction of a single-family home in Tampa, Florida. Upon completion, the property will feature three bedrooms, two bathrooms, a two-car garage, and 1,700 square feet of living space. Once completed, the borrower plans to sell the property as an exit strategy for the loan.

Collateral:

Description:

This is a $100,000 loan request to acquire a single-family tear-down property in Tampa, FL. The existing structure is a two-bedroom, one-bathroom single-family home built in 1948, which is slated for demolition. The lot is zoned RS50 and measures 50 x 95 and 4,750 square feet. The borrower plans to sell the completed single-family home once construction is finished as an exit strategy for the loan.