New Loan Funded!

15515 & 15529 Verona Ave, Clearwater Fi, 35760

Collateral:

15515 & 15529 Verona Ave, Clearwater Fi, 35760

Description:

Borrower requested a $420,000 loan to purchase two adjacent duplexes in Clearwater, Florida. The borrower paid $600,000 for both properties and has a $57,500 total construction budget planned. Both properties feature a combined 8 beds and 4 baths at a total 2,784 sq/ft. The property currently has a units rented for a combined $3,200/month. Borrower plans to rehab the property and lease the property as an annual rental after the renovation and refinance as an exit to the loan

Collateral:

Description:

This is a $480,000 new construction loan request, with $200,000 funded at closing, secured by a non-waterfront single-family-zoned lot in Redington Shores, Florida. The project will consist of a three-story, coastal-style home featuring three bedrooms, three bathrooms, approximately 2,072 heated square feet, and a two-car garage. The primary exit strategy is a retail sale.

Collateral:

Description:

This request is for a $200,000 new-construction loan, with $180,000 funded at closing, secured by a single-family property located in Lake Alfred, Florida. The project consists of a 3-bedroom, 3-bathroom residence totaling 3,114 square feet of living area, situated on approximately 0.35 acres, and includes a two-car garage and a game room. The primary anticipated exit is a retail sale of the completed property.

Collateral:

Description:

This request is for a $450,000 new construction loan, secured by a single-family home located in Tampa, Florida. The project consists of a 3-bedroom, 4-bathroom single-family residence totaling 2,275 square feet of living area, along with a two-car garage, an in-ground pool, and a detached pool house comprising an additional 575 square feet. The primary exit strategy is a retail sale.