New Loan Funded!

826 West 2nd Street Lakeland, FL 33805

Collateral:

826 West 2nd Street Lakeland, FL 33805

Description:

Borrower requested a $56,000 loan, pledging a cash flowing single family rental property in Lakeland, Florida as collateral. The property is being purchased for $79,900 and is tenant occupied renting at $500/month until February 2022. Once the current tenant’s lease expires, the borrower plans to complete a $35,000 remodel and re-rent at a higher rate. Exit strategy is for either a refinance or sale of the property, yet to be determined.

Collateral:

Description:

Borrower requested a $150,000 loan to purchase a manufactured property in Tampa, Florida. The manufactured home was built in 2017 and features 3 beds and 2 baths at 1,512 sq/ft sitting on a 1.24 acre lot. Borrower intends to refinance the loan.

Collateral:

Type:

Description:

Borrower requested a $120,000 loan to refinance a mobile home park in Tampa, Florida. The property is zoned mixed use MH park, features an office structure at 856 sq/ft and sits on .82 acres. The property has multiple mobile homes currently on the property and is cash flowing from weekly collections. Borrower plans to exit the loan with a refinance.

Collateral:

Type:

Description:

Borrower requested a $420,000 loan to refinance a single-family property in Miami, Florida. The borrower is in the final stages of a $200,000 renovation including a pool. The property features 4 beds and 2 baths at 2,525 sq/ft. Borrower plans to list the property for sale as an exit to the loan.