New Loan Funded!

5756 Garfield Way, Homosassas Fl 34448

Collateral:

5756 Garfield Way, Homosassas Fl 34448

Description:

Borrower requested a $110,000 loan to purchase a $190,000 property in Homosassa, FL that includes a 1.64 acres featuring 5 manufactured mobile homes. All 5 units are currently leased for a combined $2,275/month, and the borrower is planning minor repairs and updates estimating around $5,000-$7,000 per unit. This purchase includes an additional parcel that was not in the previous $115,000 sale in 2020.

Collateral:

Description:

Borrower requested a $117,000 loan to purchase a single-family property in Fort Myers, Florida. The borrower is paying $167,500 for the property that has suffered hurricane damage in 2022. The property features 3 beds and 2 baths at 1,448 sq/ft. Borrower plans to complete a $62,800 rehab budget out of pocket, before renting the property as an annual rental to refinance as an exit to the loan.

Collateral:

Type:

Description:

Borrower requested a $110,000 loan to refinance a single-family property in Tampa, Florida. The property features 2 dwellings, a main home featuring 3 beds and 2 baths at 1,505 sq/ft and a detached apartment that holds 1 bed and 1 bath with 600 sq/ft. Borrower previously was leasing the property as an annual rental, and is between tenants, performing a full renovation of the property. Borrower plans to lease the property as a short term rental moving forward. Borrower will refinance as an exit to the loan.

Collateral:

Type:

Description:

Borrower requested a $290,000 loan to refinance 2 single-family properties in Tampa, Florida. The property located at 7406 Deleuil Ave, features 2 beds and 1 bath at 1,180 sq/ft and the property located at 7408 Deleuil Ave, features 2 beds and 2 baths at 1,581 sq/ft. Borrower plans to renovate both properties and then lease them as annual rentals before refinancing as an exit to the loan.