New Loan Funded!

5 Sapphire Court, Ocala FL 34472

Collateral:

5 Sapphire Court, Ocala FL 34472

Description:

Borrower requested a $105,000 loan, to purchase a single family property in Ocala, Florida. The borrower is paying $150,000 for the property and has a $25,000 construction budget planned. Borrower works for a construction company and will be performing the majority of the work himself. Borrower plans to lease the property for as an annual rental after the renovation and refinance as an exit to the loan. Recent appraisal is available.

Collateral:

Description:

This is a new construction loan for a single-family residence to be developed in Plant City, Florida. The proposed structure will feature six bedrooms, six bathrooms, and a two-car garage, totaling approximately 3,664 square feet. The primary exit strategy is to sell the completed property.

Collateral:

Type:

Description:

The borrower requested a $175,000 loan to refinance two single-family properties in Lake City, Florida. The 1st property features 3 bedrooms, 1.5 bathrooms, and 1,346 sq/ft, while the 2nd property offers 3 bedrooms, 1 bathroom, and 1,152 sq/ft on a 2-acre lot. The borrower intends to refinance as an exit strategy for the loan.

Collateral:

Type:

Description:

This is a $150,000 refinance loan for a single-family property in Tampa, Florida. The home consists of two bedrooms and one bathroom; however, the inspection report reflects a layout of three bedrooms and two bathrooms with a total living area of 1,264 square feet. As an exit strategy, the borrower plans to refinance the subject property through a Debt Service Coverage Ratio (DSCR) loan.