New Loan Funded!

5132 Gainesville Dr, Temple Terrace, FL 55167

Collateral:

5132 Gainesville Dr, Temple Terrace, FL 55167

Description:

Borrower requested a $75,000 loan to purchase a condominium in Temple Terrace, Florida. The borrower paid $140,000 for the property and has a $15,000 construction budget planned. The property features 1 bed and 1 bath at 754 sq/ft. Borrower plans to lease the property for as an annual rental after the renovation and refinance as an exit to the loan.

Collateral:

Type:

Description:

This is a $400,000 refinance loan request for a quadplex in Treasure Island, FL, which the borrower owns free and clear. The property consists of four one-bedroom, one-bathroom units, each measuring 527 square feet, for a total living space of 2,108 square feet. Borrower plans to make monthly interest payments using the property’s cash flow and available reserves.

Collateral:

Type:

Description:

This is a $200,000 refinance loan request for a single-family property located in Tampa, Florida. The property features three bedrooms, two bathrooms, a one-car garage, and 1,425 square feet of living space. The borrower intends to refinance the loan using a DSCR loan as an exit strategy.

Collateral:

Description:

This is a $186,000 fix-and-lease loan request ($161,000 at closing) for a single-family property in Tampa, FL. The home features three bedrooms, two bathrooms, and 1,288 square feet of living space. It has already been gutted and reframed, with partially completed bathrooms and flooring. The borrower plans to refinance through a DSCR loan as the exit strategy.