New Loan Funded!

16845 SE 100th Terrace, Summerfield Fl

Collateral:

16845 SE 100th Terrace, Summerfield Fl

Description:

Borrower requested a $30,000 loan, to purchase a manufactured mobile home in Summerfield, Florida. The borrower paid $54,900 for the property and has a $20,000 construction budget planned. Borrower will be performing the majority of the work himself. Borrower plans to lease the property for as an annual rental after the renovation and refinance as an exit to the loan.

Collateral:

Description:

This is a $260,000 new construction loan request on a duplex located in Port Charlotte, FL, with an initial disbursement of $60,000 at closing. Upon completion, the property will consist of two units, each featuring 3 bedrooms, 2 bathrooms, 1,247 square feet of living space, and a 1-car garage. The borrower intends to refinance the property as the primary exit strategy.

Collateral:

Description:

This is a $240,000 new construction loan request for a duplex located in Port Charlotte, FL, with an initial disbursement of $60,000 at closing. Upon completion, the property will feature two units, each with 3 bedrooms, 2 bathrooms, 1,247 square feet of living space, and a 1-car garage. The borrower intends to refinance the property as the primary exit strategy.

Collateral:

Type:

Description:

This is a $130,000 refinance loan request, with $75,000 to be disbursed at closing, secured by a single-family residence located in Fort Myers, FL. The property consists of three bedrooms, one bathroom, 1,144 square feet of living space, and includes a one-car garage. Upon stabilization, the borrower plans to refinance into a DSCR loan and is financially qualified to do so.