New Loan Funded!

707 Freemont St S, Gulfport, FL 33707

Collateral:

707 Freemont St S, Gulfport, FL 33707

Description:

Borrower requested a $161,000 loan to purchase a single-family fix and flip property in Gulfport, Florida. Borrower paid $229,000 for the property and has a $49,000 construction budget planned. The construction will be funded out of the borrowers pocket, and will include a full cosmetic renovation. The property has an ARV around $305,000-$330,000.

Collateral:

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Description:

This is a $550,000 loan request to finance the construction of a single-family property in Cape Coral, Florida. The planned property includes two stories, four bedrooms, four bathrooms, a two-car garage, an executive office, an inground pool, and 3,199 square feet of living space on a canal with a boat dock providing access to the Gulf of Mexico. The borrower plans to refinance as the exit strategy for this loan.

Collateral:

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Description:

This is a $170,000 loan request for a 10-acre working farm ranch located in Brooksville, FL. The first manufactured home, built in 2000, is in well-maintained condition and features 3 bedrooms and 2 bathrooms. It covers 1,152 square feet. The second manufactured home, built in 1989, has 3 bedrooms and 2 bathrooms and covers a total area of 910 square feet. The mobile home, built in 1995, similarly has three bedrooms and two bathrooms and covers a living space of 784 square feet. The borrower is positioned to refinance as the exit strategy for the loan.

Collateral:

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Description:

This is a $450,000 loan request for a single-family property in Marathon, Florida. The subject property is as a single-family residence (SFR) with three bedrooms and two bathrooms spanning 2,867 square feet. The property is being used as a short term rental, and the borrower plans to exit the loan via refinance.