New Loan Funded!

7300 Cobia Ln, Hudson, FL, 34677

Collateral:

7300 Cobia Ln, Hudson, FL, 34677

Description:

Borrower requested a $78,000 loan to purchase a manufactured mobile home property in Hudson, Florida. The borrower paid $157,000 for the property and has a $40,000 construction budget planned. The property is on stilts, raised out of the flood zone per new county code. Borrower plans to lease this property as a short term rental after the renovation is complete.

Collateral:

Type:

Description:

Borrower is secured by four properties: a luxury condominium in Miami, FL; a single-family home in Roswell, GA; and two properties in Greenwood, SC—a commercial building and a single-family home. The borrower intends to refinance the loan using a DSCR (Debt Service Coverage Ratio) product.

Collateral:

Type:

Description:

The borrower has requested a $170,000 refinance loan on two manufactured mobile homes located in Haven and Branford, Florida. The mobile home located on Horseshoe Loop has 5 bedrooms and 2 bathrooms and spans 2,052 sq ft. The home on NW 37th Ct has 3 bedrooms, 2 bathrooms, and is 960 sq ft. The borrower intends on flipping the properties, and selling as an exit.

Collateral:

Type:

Description:

Borrower requested a $100,000 loan to refinance a single-family property in Port Richey, Florida. The property features 2 beds and 2 baths at 1,606 sq/ft with an inground pool and a dock on Double Hammock Creek. The borrower plans to sell the property as an exit to the loan.