New Loan Funded!

1503 Santa Anita Dr, Lynn Haven, Fl 32444

Collateral:

1503 Santa Anita Dr, Lynn Haven, Fl 32444

Description:

Borrower requested a $120,000 loan to purchase a single-family property in Lynn Haven, Florida. The borrower paid $170,000 for the property and has a $26,000 construction budget planned including a new HVAC system and full cosmetic updates. The property was damaged during the last hurricane and was abandoned by the developer. The borrower plans to sell the property for a profit after the renovation is complete, ARV between $280,000-$300,000.

Collateral:

Description:

This is a new construction loan for a single-family residence to be developed in Plant City, Florida. The proposed structure will feature six bedrooms, six bathrooms, and a two-car garage, totaling approximately 3,664 square feet. The primary exit strategy is to sell the completed property.

Collateral:

Type:

Description:

The borrower requested a $175,000 loan to refinance two single-family properties in Lake City, Florida. The 1st property features 3 bedrooms, 1.5 bathrooms, and 1,346 sq/ft, while the 2nd property offers 3 bedrooms, 1 bathroom, and 1,152 sq/ft on a 2-acre lot. The borrower intends to refinance as an exit strategy for the loan.

Collateral:

Type:

Description:

This is a $150,000 refinance loan for a single-family property in Tampa, Florida. The home consists of two bedrooms and one bathroom; however, the inspection report reflects a layout of three bedrooms and two bathrooms with a total living area of 1,264 square feet. As an exit strategy, the borrower plans to refinance the subject property through a Debt Service Coverage Ratio (DSCR) loan.