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:

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.