New Loan Funded!

8 Unit Manufactured Home Portfolio Deal

Collateral:

8 Unit Manufactured Home Portfolio Deal

Description:

Borrower is an experienced wholesaler and real estate investor who requested a $200,000 loan to purchase a portfolio of 8 manufactured mobile homes in Summerfield Florida. The portfolio was contracted at $300,000. The 8 units are currently occupied and renting for a combined $5,275/month.

Collateral:

Type:

Description:

Borrower requested a $125,000 loan to refinance a single-family property located in Deltona,
Florida. The property features 4 beds and 2 baths at 1,668 sq/ft. The property is currently leased as an annual rental. Borrower plans to refinance as an exit to the loan.

Collateral:

Type:

Description:

Borrower requested a $90,000 loan to purchase a single-family property in Jacksonville, Florida. The borrower plans to renovate the property and sell as an exit to the loan. The property features 4 beds and 2 baths at 1,566 sq/ft, with a detached mother in law suite.

Collateral:

Description:

Borrower requested a $337,000 loan to purchase a commercial property in Gulfport, Florida. The property is currently leased and operated as a K-5 school, owned by a local church. Borrower plans to convert the property into a wellness center once the lease expires, increasing cashflow and then refinancing as an exit to the loan.