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:

Type:

Description:

Borrower requested a $125,000 loan to refinance a single-family property located in Deltona,
Florida. The property features 4 beds and 2 baths at 1,668 sq/ft. The property is currently leased as an annual rental. Borrower plans to refinance as an exit to the loan.

Collateral:

Type:

Description:

Borrower requested a $90,000 loan to purchase a single-family property in Jacksonville, Florida. The borrower plans to renovate the property and sell as an exit to the loan. The property features 4 beds and 2 baths at 1,566 sq/ft, with a detached mother in law suite.

Collateral:

Description:

Borrower requested a $337,000 loan to purchase a commercial property in Gulfport, Florida. The property is currently leased and operated as a K-5 school, owned by a local church. Borrower plans to convert the property into a wellness center once the lease expires, increasing cashflow and then refinancing as an exit to the loan.