New Loan Funded!

4050 Cotton Rd, Pace, FL 32571

Collateral:

4050 Cotton Rd, Pace, FL 32571

Description:

Borrower requested a $750,000 loan to purchase a single-family property in Pace, Florida. The borrower paid $305,000 for the property and is intending on leasing the property ASAP. Additionally, the borrower is pledging three condos in the Orlando area, currently operating as short-term rentals, all owned free and clear. The SFR property features 4 beds and 2 baths at 2003 sq/ft. The borrower is using the loan surplus to fund the purchase of 175 acres in Alabama for development. The borrower plans to refinance as an exit to the loan.

Collateral:

Type:

Description:

This is a $120,000 refinance loan request secured by a single-family residence located in Jacksonville, FL. The home features four bedrooms, three bathrooms, approximately 4,845 square feet of living space, a three-car garage, an in-ground pool, and is situated on nearly a half-acre lot. As an exit strategy, the borrower is considering both refinancing into a 30-year conventional mortgage and the potential sale of the property.

Collateral:

Description:

This is a $145,000 Fix & Lease loan request for a returning client, secured by a double-wide mobile home located in Dover, Florida. The subject property is a 4-bedroom, 2-bathroom home offering 1,782 square feet of living space on a 1.44-acre lot. Borrower exit strategy is to refinance the property upon completion and stabilization of the rehab.

Collateral:

Type:

Description:

This is a $200,000 TRID-compliant second mortgage loan request secured by a single-family residence located in Belleair, Florida. The home is a four-bedroom, three-bathroom property with a pool and 2,461 square feet of living space, a two-car garage, and sits on a 0.36-acre lot. Borrower intended exit strategy is to refinance the property and consolidate both the first and second mortgages.