New Loan Funded!

602 & 604 Channel Dr, Davis Island Fl 33606

Collateral:

602 & 604 Channel Dr, Davis Island Fl 33606

Description:

SALE DATE: 07/30/2021
MARKET: Davis Island, Tampa
ASSET TYPE: Development Site, Double Lot
BUYER/BORROWER: Starkus Development LLC
BROKERS: Kevin Lee & Daven Henry
DEVELOPER: LuCapital Management & Legion Construction

SALE PRICE: $1,600,000
ARV: 3,000,000 ea.

Collateral:

Type:

Peggy Dr, Holiday, FL 34690

Description:

Borrower requested a $100,000 loan to purchase a single-family property in Holiday, Florida. The property features 2 beds and 2 baths at 1,088 sq/ft. The borrower plans to list the property for sale after the renovation.

Collateral:

Type:

El Portal Dr, Tampa, FL 33604

Description:

Borrower requested a $175,000 loan to refinance a single-family property in Tampa, Florida. The property features 3 beds and 1 bath at 1,024 sq/ft, and the borrower has construction plans to add square footage and increase the bed/bath count to a 4/3. The borrower plans to list the property for sale after the renovation and refinance as an exit to the loan.

Collateral:

Type:

Cove Cay Dr #407, Clearwater, FL 33760

Description:

The borrower requested a $125,000 loan to purchase a condo property in Clearwater, Florida. The borrower is plans to update the bathrooms and kitchen before listing to rent. The property features 2 beds and 2 baths at 1,050 sq/ft. The borrower plans to refinance as an exit to the loan.