New Loan Funded!

2533 18th St S, St Pete, FI, 33712

Collateral:

2533 18th St S, St Pete, FI, 33712

Description:

Borrower requested a $220,000 new construction loan to build a single-family home, in St. Petersburg, Florida. The construction plans consist of a 1,232 sq/ft main home, with an additional ADU that features a 2 car garage and 624 heated sq/ft. The borrower has a $290,000 total construction budget planned, and has currently spent $75,000 on the construction and $30,000 on the land. The slab and block construction have been completed, along with the truss order. The property will consist of a 3 bed and 2 bath and a 1 bed 1 bath efficiency.

Collateral:

Type:

Description:

This is a $155,000 refinance loan request, secured by a single-family residence located in Jacksonville, Florida. The subject property is a 3-bedroom, 2-bathroom home with 1,545 square feet of living area, a 1-car garage and an inground pool. The borrower will list the property for sale as the exit strategy to repay the loan in full.

Collateral:

Type:

Description:

This request is for a $200,000 fix-and-flip loan, secured by a waterfront single-family home located in Port Charlotte, Florida. The property consists of three bedrooms, three bathrooms, and 2,170 square feet of living space across two stories, along with a two-car garage. The borrower intends to repay the loan with proceeds from other investments once finalized, or refinance into long-term debt as an alternative exit strategy.

Collateral:

Type:

Description:

Borrower requested a $320,000 loan to refinance a Mobile Home Park with 5 mobile homes in Spring Hill, Florida. The properties are leased and the units are as follows:

●MH 1 – 1,200 sq. ft., 3 bed / 2 bath

●MH 2 – 774 sq. ft., 3 bed / 2 bath

●MH 3 – 784 sq. ft., 3 bed / 2 bath

●MH4 – 607 sq. ft., 2 bed / 1 bath

●MH5 – 796 sq. ft., 3 bed / 2 bath

The borrower plans to refinance as a means of exiting the loan.