New Loan Funded!

801 S Poinsettia Dr, Tampa FL

Collateral:

801 S Poinsettia Dr, Tampa FL

Description:

SALE DATE: 10/15/2021
MARKET: South Tampa
ASSET TYPE: Redevelopment Fix and Flip
BUYER/BORROWER: 365 Property Partners LLC
DEVELOPER: Jerry Brit
ARV: 2,000,000

Collateral:

Type:

Description:

The borrower requested a $300,000 loan to refinance the property located at Larry Rd, Spring Hill, FL. This property has 2 manufactured homes retired to the land. The borrower is pledging additional collateral located at 60th St, Tampa, FL. The borrower has proven liquidity and plans to repay this loan at maturity.

Collateral:

Type:

Description:

The borrower is seeking a $100,000 new construction loan for a single-family home in Rotonda West, FL. The property will feature three bedrooms, two bathrooms, 1,588 sq. ft. of living space, and a two-car garage. The borrower intends to sell the property as the primary exit strategy.

Collateral:

Type:

Description:

This is a $215,000 refinance loan request for a single-family property in Tampa, FL. It comprises five bedrooms, three bathrooms, and 2,163 square feet of living space, including a two-car covered carport. As an exit strategy, the borrower plans to refinance the subject property to a Debt Service Coverage Ratio (DSCR) refinance loan.