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:

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Description:

The borrower has requested an $850,000 loan for a multifamily quadplex located in Tampa, Florida. The property consists of two detached buildings, offering three 1-bedroom, 1-bath units and one 2-bedroom, 1-bath unit totaling 1,596 sq. ft. One building features unregistered living space due to the conversion of a 2-car garage into a laundry room and additional living area. The borrower plans to refinance as an exit from the loan.

Collateral:

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Description:

The borrower has requested a $162,000 loan to refinance a townhome property in Fort Myers, Florida. The property features 3 bedrooms, 2.5 bathrooms, and 1,767 sq/ft.The borrower is open to either a sale or refinance as an exit to the loan.

Collateral:

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Description:

The borrower has requested a $168,000 loan to refinance a single-family property in Orlando, Florida, owned free and clear. This 950 sq. ft. property features 3 bedrooms, 1 bathroom, and a carport. The capital from this refinance will be used to purchase and rehabilitate another investment property, further expanding the borrower’s portfolio. The borrower plans to exit the loan through a DSCR refinance.