New Loan Funded!

3002 Ponderosa Trail, Wimauma, FL 33598

Collateral:

3002 Ponderosa Trail, Wimauma, FL 33598

Description:

Borrower requested a $110,000 refinance on a single-family new construction property in Wimauma, Florida. The borrower purchased the land for $40,000 in 2014 and invested roughly $273,000 to date in building a new construction single-family home. The property features 4 beds and 4 baths at 3,804 total sq/ft. Borrower will use the loan proceeds to fund the completion of the build, as he has used cash to this point, and plans to refinance and occupy the property as an exit to the loan.

Collateral:

Type:

Description:

The borrower has requested an $850,000 loan for a multifamily quadplex located in Tampa, Florida. The property consists of two detached buildings, offering three 1-bedroom, 1-bath units and one 2-bedroom, 1-bath unit totaling 1,596 sq. ft. One building features unregistered living space due to the conversion of a 2-car garage into a laundry room and additional living area. The borrower plans to refinance as an exit from the loan.

Collateral:

Type:

Description:

The borrower has requested a $162,000 loan to refinance a townhome property in Fort Myers, Florida. The property features 3 bedrooms, 2.5 bathrooms, and 1,767 sq/ft.The borrower is open to either a sale or refinance as an exit to the loan.

Collateral:

Type:

Description:

The borrower has requested a $168,000 loan to refinance a single-family property in Orlando, Florida, owned free and clear. This 950 sq. ft. property features 3 bedrooms, 1 bathroom, and a carport. The capital from this refinance will be used to purchase and rehabilitate another investment property, further expanding the borrower’s portfolio. The borrower plans to exit the loan through a DSCR refinance.