New Loan Funded!

1337 SW Bellevue Ave, Port Saint Lucie, FL

Collateral:

1337 SW Bellevue Ave, Port Saint Lucie, FL

Description:

Borrower requested a $126,000 loan to purchase a single family property in Port Saint Lucie, Florida. The property is being purchased for $180,000 with the intent of completing a $27,500 remodel (borrower using their own capital for the renovations) before selling the home for a profit. Improvements include a new HVAC system, Roof replacement and a complete cosmetic upgrade. The borrower is a licensed general contractor and will be performing the work himself.

Collateral:

Type:

Description:

This is a $100,000 refinance loan request at 50% loan-to-value (LTV), secured by a Lake Worth, Florida condominium unit. The property has two bedrooms, two and a half bathrooms, and approximately 1,500 square feet of living space. Borrower plans to complete the renovation and exit the loan through a conventional property sale.

Collateral:

Description:

This is a $180,000 new construction loan request. The loan is secured by a single-family residence in Winter Haven, Florida. Upon completion, the property will comprise three bedrooms and 2.5 bathrooms, totaling 1,536 square feet of living space. The design features two stories, with 625 square feet on the first level and 901 square feet on the second. Borrower intended exit strategy is a DSCR-based refinance.

Collateral:

Description:

This is a $255,000 new construction loan request for a duplex located in Lake Wales, FL. The proposed duplex will consist of two units, each featuring three bedrooms, two bathrooms, and approximately 1,005 square feet of living space, totaling six bedrooms, four bathrooms, and 2,010 square feet of combined living space. Borrower’s refinancing strategy is designed to manage debt and cash flow based on rental income.