New Loan Funded!

32nd Ave S, Tampa, FL & 24th Ave, Tampa, FL

Collateral:

32nd Ave S, Tampa, FL & 24th Ave, Tampa, FL

Description:

The borrower requested a $300,000 refinance on 2 properties in Tampa, FL. One property is tenant-occupied as an annual rental, and the other is a new construction property that is roughly 80% complete. Borrower plans to complete the build and lease the property and refinance as an exit to the loan.

Collateral:

Description:

Borrower has requested $125,000 to complete construction of a two-story, wood-frame duplex in Augusta, GA. Each unit of the duplex will offer 1,580 square feet of living space, with 794 square feet on the first floor and 786 square feet on the second. The borrower’s primary exit strategy is to sell the completed duplex.

Collateral:

Type:

Description:

Borrower requested a $190,000 loan modification to purchase a single-family property in Milton, FL. The property features 4 bedrooms and 3 bathrooms at 1,877 square feet of living space on 1.03 acres. The borrower plans to sell both homes as an exit strategy.

Collateral:

Description:

Borrower requested a $160,000 Fix & Lease loan secured by a single-family property in Zephyrhills, FL. The home features 2 bedrooms, 1.5 bathrooms with 1,080 square feet of living space, a 1 car garage and an inground pool on 0.22 acres. Once the renovations are complete, the borrower intends to refinance into a DSCR loan as the main exit strategy. As a secondary exit the borrower is open to selling the home.