New Loan Funded!

8418 Fussel Dr. Zephyrhills FL 33545

Collateral:

8418 Fussel Dr. Zephyrhills FL 33545

Description:

Borrower requested a $110,000 loan to refinance a manufactured mobile home that sits on 1.69 acres in Zephyrhills, Fl. The borrower paid $210,000 for the property in 2022 and plans to build their new construction residential home on the land. The borrower plans to refinance in 30-90 days with a construction to permanent loan, using the closing funds to get past the slab stage to qualify for the loan.

Collateral:

Type:

Description:

This is a $100,000 refinance loan request at 50% loan-to-value (LTV), secured by a Lake Worth, Florida condominium unit. The property has two bedrooms, two and a half bathrooms, and approximately 1,500 square feet of living space. Borrower plans to complete the renovation and exit the loan through a conventional property sale.

Collateral:

Description:

This is a $180,000 new construction loan request. The loan is secured by a single-family residence in Winter Haven, Florida. Upon completion, the property will comprise three bedrooms and 2.5 bathrooms, totaling 1,536 square feet of living space. The design features two stories, with 625 square feet on the first level and 901 square feet on the second. Borrower intended exit strategy is a DSCR-based refinance.

Collateral:

Description:

This is a $255,000 new construction loan request for a duplex located in Lake Wales, FL. The proposed duplex will consist of two units, each featuring three bedrooms, two bathrooms, and approximately 1,005 square feet of living space, totaling six bedrooms, four bathrooms, and 2,010 square feet of combined living space. Borrower’s refinancing strategy is designed to manage debt and cash flow based on rental income.