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:

Borrower requested a $187,000 loan to purchase a single-family property in Plant City, Florida. The borrower paid $250,000 for the property in Plant City and has a $46,000 rehab budget planned. The property features 3 beds and 1 bath at 1,440 sq/ft sitting on a 5.04 acre lot. Borrower plans to lease the property as an annual rental after the renovation and refinance as an exit to the loan.

Collateral:

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Description:

Borrower requested a $120,000 loan to refinance a 1 acre parcel that features 2 single-family properties in Lakeland, Florida. The borrower paid $180,000 for the property in January 2022. Structure 1 features 2 beds and 1 bath at 912 sq/ft, and structure 2 features 1 bed, 1 bat at 552 sq/ft. Borrower plans split the parcel in 2, and then list the property for sale as an exit to the loan.

Collateral:

Type:

Description:

Borrower requested a $240,000 refinance loan to complete two new construction projects in Fort Pierce, Florida. The borrower has been self funding the project to date and has completed 60% as of 2/10/23. The Deleon property will feature 4 beds and 2 baths at 2,010 sq/ft and the Melton property features 3 beds and 2 baths at 1,573 sq/ft. Borrower plans to list the properties for sale as an exit to the loan.