New Loan Funded!

86th Ave, Treasure Island, FL

Collateral:

86th Ave, Treasure Island, FL

Description:

This is a $400,000 refinance loan request for a quadplex in Treasure Island, FL, which the borrower owns free and clear. The property consists of four one-bedroom, one-bathroom units, each measuring 527 square feet, for a total living space of 2,108 square feet. Borrower plans to make monthly interest payments using the property’s cash flow and available reserves.

Collateral:

Type:

Description:

This is a $200,000 TRID-compliant second mortgage loan request secured by a single-family residence located in Belleair, Florida. The home is a four-bedroom, three-bathroom property with a pool and 2,461 square feet of living space, a two-car garage, and sits on a 0.36-acre lot. Borrower intended exit strategy is to refinance the property and consolidate both the first and second mortgages.

Collateral:

Type:

Description:

This is a $160,000 new construction loan request, with $75,000 to be disbursed at closing, secured by a single-family residence located in Lehigh Acres, Florida. The finished home will include three bedrooms, two and a half bathrooms, a double garage, an office, and an in-ground pool, with 1,640 square feet of heated living space. Borrower is open to either selling the property or refinancing and converting it into their primary residence.

Collateral:

Description:

This is a $460,000 new construction loan request from a returning client, with $160,000 to be disbursed at closing for the development of a Townhouse (Duplex) in Saint Cloud, Florida. The planned Townhomes / Duplex will consist of two identical units, each featuring three bedrooms, 2.5 bathrooms, a two-car garage, front porch, backyard, and a media room that can double as an office or fourth bedroom. Borrower exit strategy is to refinance the subject duplex upon stabilization.