New Loan Funded!

1809 N 34th St, Tampa, FL 33605

Collateral:

1809 N 34th St, Tampa, FL 33605

Description:

Borrower requested a $408,000 loan to refinance a commercial laundry mat in Tampa, Florida. The borrower purchased the property in 2019 for $370,000 and spent $75,000 on building improvements and $150,000 on laundry machines. The property is now a fully operational laundry mat cash flowing and profitable each month. The borrower is an experienced, repeat investor with an extensive rental portfolio and has operated and sold multiple businesses in the automotive industry.

Collateral:

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Description:

This is a $550,000 loan request to finance the construction of a single-family property in Cape Coral, Florida. The planned property includes two stories, four bedrooms, four bathrooms, a two-car garage, an executive office, an inground pool, and 3,199 square feet of living space on a canal with a boat dock providing access to the Gulf of Mexico. The borrower plans to refinance as the exit strategy for this loan.

Collateral:

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Description:

This is a $170,000 loan request for a 10-acre working farm ranch located in Brooksville, FL. The first manufactured home, built in 2000, is in well-maintained condition and features 3 bedrooms and 2 bathrooms. It covers 1,152 square feet. The second manufactured home, built in 1989, has 3 bedrooms and 2 bathrooms and covers a total area of 910 square feet. The mobile home, built in 1995, similarly has three bedrooms and two bathrooms and covers a living space of 784 square feet. The borrower is positioned to refinance as the exit strategy for the loan.

Collateral:

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Description:

This is a $450,000 loan request for a single-family property in Marathon, Florida. The subject property is as a single-family residence (SFR) with three bedrooms and two bathrooms spanning 2,867 square feet. The property is being used as a short term rental, and the borrower plans to exit the loan via refinance.