New Loan Funded!

62nd Way, Pinellas Park, FL

Collateral:

62nd Way, Pinellas Park, FL

Description:

This is a $550,000 (52% LTV) refinance loan request secured by three Pinellas Park Townhomes, newly built. The three newly constructed townhomes are located at 62nd Way, Pinellas Park. These units are part of an eight-unit development built by the borrower, who also acted as the project’s developer. The anticipated loan payoff will come from the sale proceeds of the two remaining townhomes or the liquidation of other real estate assets.

Collateral:

Lutz, FL & Multiple Collateral

Description:

This financing opportunity involves a $2.5 million lending request structured as two interest-only mortgages with a 2-year term and 12% fixed interest. The transaction includes a commercial acquisition loan supported by multiple commercial real estate assets, along with a separate residential refinance, resulting in a conservative overall loan-to-value ratio backed by substantial collateral. The primary exit strategy is to refinance the commercial property.

Collateral:

Type:

Tampa, FL

Description:

The borrower is requesting a $165,000 loan to refinance a commercial property located in the Tampa Heights market of Tampa, Florida. The property contains approximately 3,366 square feet of heated space and is currently utilized as an active workshop and resale operation. The proposed exit strategy is to refinance the loan.

Collateral:

Tampa, FL

Description:

This is a $235,000 Fix-and-Lease loan request, secured by a single-family residence in Tampa, Florida. The subject property is located in the desirable Town and Country submarket of Tampa and is reflected in public records as a 2-bedroom, 1.5-bathroom home totaling approximately 1,702 square feet, including a converted garage that serves as additional living space. Upon completion of the renovation, the borrower plans to refinance the property into a DSCR loan.