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:

Description:

This is a $260,000 new construction loan request on a duplex located in Port Charlotte, FL, with an initial disbursement of $60,000 at closing. Upon completion, the property will consist of two units, each featuring 3 bedrooms, 2 bathrooms, 1,247 square feet of living space, and a 1-car garage. The borrower intends to refinance the property as the primary exit strategy.

Collateral:

Description:

This is a $240,000 new construction loan request for a duplex located in Port Charlotte, FL, with an initial disbursement of $60,000 at closing. Upon completion, the property will feature two units, each with 3 bedrooms, 2 bathrooms, 1,247 square feet of living space, and a 1-car garage. The borrower intends to refinance the property as the primary exit strategy.

Collateral:

Type:

Description:

This is a $130,000 refinance loan request, with $75,000 to be disbursed at closing, secured by a single-family residence located in Fort Myers, FL. The property consists of three bedrooms, one bathroom, 1,144 square feet of living space, and includes a one-car garage. Upon stabilization, the borrower plans to refinance into a DSCR loan and is financially qualified to do so.