New Loan Funded!

6407 N Central Ave Tampa FL 33604

Collateral:

6407 N Central Ave Tampa FL 33604

Description:

Borrower requested a $140,000 loan to refinance a single family property in Tampa, Fl. The borrower paid $220,000 for the property in June 2022 and has a $140,000 total construction budget planned. The property features 2 beds and 1 bath at a total 896 sq/ft. Borrower plans to rehab the property and then lease the property as a rental after the renovation and refinance as an exit to the loan.

Collateral:

Description:

This loan totals $1,590,000, with $260,000 disbursed at closing, secured by a double-lot land asset located in Safety Harbor, Florida. The site consists of approximately 0.26 acres, and the borrower intends to subdivide the parcel and construct two new single-family homes. Each residence is planned as a two-story property featuring four bedrooms, four bathrooms, a two-car garage, and approximately 3,000 square feet of living space.

Collateral:

Type:

Description:

This is a $92,000 refinance loan request secured by a mobile home located in Starke, Florida. The subject property is a manufactured mobile home with three bedrooms, two bathrooms, and approximately 1,488 square feet of living space, situated on a 1-acre lot. Borrower long-term plan is to refinance into a permanent loan product.

Collateral:

Type:

Description:

This is a $175,000 refinance loan request secured by a free-and-clear single-family residence in Bradenton, Florida. The home features three bedrooms, 2.5 bathrooms, 3,509 sq. ft. of living area, a 2-car garage, an inground pool, and is situated on 1.10 acres. Borrower’s exit strategy is to sell the property.