Borrower requested a $330,000 loan, to purchase a single family property in Tampa FL. The borrower payed $475,000 for the property and has plans to build two townhomes once the current lease in place expires in 06/01/22. Borrower is an experience builder, who has also recently performed multiple similar projects in the same area.
Type: Fix and Lease
Borrower requested a $1,319,000 loan to purchase a single-family property in Naples, Florida. The borrower is additionally pledging a free and clear property in Tampa Fl as collateral for the loan. The borrower will be selling the San Rafael property as an exit to the loan.