New Loan Funded!

1379 S Martin Luther King Jr Ave, Clearwater

Collateral:

1379 S Martin Luther King Jr Ave, Clearwater

Description:

Borrower requested a $255,000 loan to purchase a fully occupied triplex in Clearwater, Florida. The borrower paid $425,000 for the property and has no construction budget planned, as the property has been remodeled, including a remodel permit, new roof and AC. The property currently rents for a combined $3,100 / month in rental income. The borrower plans to continue leasing the property as an annual rental and refinance as an exit to the loan. A recent appraisal is available at a $425,000 value.

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Description:

Borrower requested a $85,000 loan to refinance a single-family fix and flip property in Sanford, Florida. The property will feature 3 bedrooms, 2 bathrooms, and 1,242 square feet of living space upon completion. The home sits on a desirable double lot totaling 0.48 acres and overlooks a pond. The borrower plans to list the property for sale after the renovation as an exit to the loan.

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Description:

This is a $550,000 loan request to finance the construction of a single-family property in Cape Coral, Florida. The planned property includes two stories, four bedrooms, four bathrooms, a two-car garage, an executive office, an inground pool, and 3,199 square feet of living space on a canal with a boat dock providing access to the Gulf of Mexico. The borrower plans to refinance as the exit strategy for this loan.

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Description:

This is a $170,000 loan request for a 10-acre working farm ranch located in Brooksville, FL. The first manufactured home, built in 2000, is in well-maintained condition and features 3 bedrooms and 2 bathrooms. It covers 1,152 square feet. The second manufactured home, built in 1989, has 3 bedrooms and 2 bathrooms and covers a total area of 910 square feet. The mobile home, built in 1995, similarly has three bedrooms and two bathrooms and covers a living space of 784 square feet. The borrower is positioned to refinance as the exit strategy for the loan.