New Loan Funded!

6590 Buckingham Rd, Fort Myers, FL 33905 & 1567 Maple Dr, Fort Myers, FL 33907

Collateral:

6590 Buckingham Rd, Fort Myers, FL 33905 & 1567 Maple Dr, Fort Myers, FL 33907

Description:

Borrower requested a $725,000 loan to purchase a single-family property in Fort Myers, Florida that sits on 7 cores. Additionally, the borrower is collateralizing a free and clear duplex also in Fort Myers. The single family, 7 Gore property was purchased for $700,000 and the borrower has a $43,000 construction budget planned. The property features 3 beds and 3 baths at 1,910 sq/ft. The 2nd place of collateral was purchased in 2014 and has since been fully remodeled, and is now tenant occupied ($330,000 estimated value).

Collateral:

Type:

Description:

This is a $200,000 refinance loan request for a single-family property located in Kissimmee, FL. The asset is a 3-bedroom, 2-bathroom home with a 1-car garage spanning 1,485 sq. ft. The borrower intends to exit the loan through a DSCR refinance.

Collateral:

Type:

Description:

Borrower requested a $150,000 loan to refinance a single-family property in Lehigh Acres, Florida. The property features 4 beds and 2 baths at 1,813 sq/ft. The loan is expected to be repaid at maturity through either a refinance or the sale of another asset owned by the borrower.

Collateral:

Description:

The borrower requested a $150,000 loan to refinance a new construction single-family property in New Port Richey, Florida. The property is in the dried-in stage of construction and will feature 3 bedrooms, 2 bathrooms, 1,853 square feet of living space, a 2-car garage, and a home office. Their exit strategy for this loan is to sell the property.