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:

Type:

Description:

The borrower is requesting a $125,000 first-lien refinance secured by a vacant lakefront parcel located on Lakeside Dr.,Lutz, FL. The collateral consists of a 0.42-acre irregular-shaped unimproved lot with approximately 80 linear feet of direct frontage on a private ski lake. The borrower’s exit strategy is an o sale of the subject parcel.

Collateral:

Type:

Description:

Borrower requested a $150,000 TRID loan, to refinance a single-family property in Jacksonville, Florida. The 1985-built home features 3 bedrooms, 3.5 bathrooms, and 2,038 square feet of living space across two stories. Borrower intended exit strategy is to refinance into a conventional loan once the planned improvements are completed.

Collateral:

Type:

Description:

Borrower requested a $185,000 loan to purchase a single-family property in Pace, Florida. The property features 3 bedrooms and 2 bathrooms at 2,067 square feet of living space on 1.29 acres. The borrower is collateralizing a 4-bedroom, 2-bathroom home with 1,749 square feet of living space. Borrower intends to sell both properties as an exit to the loan.