New Loan Funded!

828 & 829 Minnesota St, Latana, FL 33462

Collateral:

828 & 829 Minnesota St, Latana, FL 33462

Description:

The borrower requested a $1,200,000 loan to refinance a legal 11 unit multifamily property in Latana, Florida. The borrower was previously the tenant and ran a drug rehabilitation & wellness center. The borrower then purchased the property for $1,600,000 and is midway through a $400,000 renovation to increase the bed count of the facility.

Collateral:

Type:

Description:

This is a $60,000 refinance loan request secured by a free-and-clear single-family home located in Lehigh Acres, Florida. The subject property is a 3-bedroom, 1-bathroom residence offering 920 square feet of living space. The primary exit strategy for the loan is repayment through cash flow from business and secondary option is to refinance into a DSCR loan if additional time is needed.

Collateral:

Description:

The borrower requested a $50,000 Fix & Lease loan secured by a condominium in Largo, FL. The subject property features 1 bedroom, 1.5 bathrooms, and 715 living square feet. The borrower’s exit strategy is to refinance upon lease stabilization.

Collateral:

Type:

Description:

This request is for a $60,000 refinance loan secured by a condominium property located in Zephyrhills, Florida. The collateral is a 2-bedroom, 2-bathroom unit with total 876 square feet. Borrower exit strategy for this loan is to sell the Zephyrhills property upon expiration of the lease.