Borrower requested a $350,000 loan to purchase a single family property in Inverness FL, that is currently being operated as a bed and breakfast. Additionally, the borrower is pledging a mixed use property located in Tampa, FL as collateral for the loan. The SFR features 3,134 SqFt, and 3 bed 4 baths, while the mixed use property features 2 main buildings and 4 tenants for a combined $6,400/month.
Type: Fix and Lease
Borrower requested a $236,000 loan to purchase a single-family property in Port Richey, Florida. The borrower is additionally pledging a single-family property as collateral to the loan. The Sterling property
features 2 beds and 2 baths at 1,190 sq/ft with a pool, and the second collateral located on Warbler Dr, features 2 beds and 2 baths at 1,310 sq/ft. The borrower plans to lease both properties long-term and then refinance as an exit to the loan.