New Loan Funded!

8900 Blind Pass Rd #A107, Sarasota Fl 34242
Collateral 2: 8900 Blind Pass Rd #A307, Sarasota Fl 34242
Collateral 3: 18610 Gulf Blvd #2, Indian Shores Fl 33785

Collateral:

8900 Blind Pass Rd #A107, Sarasota Fl 34242
Collateral 2: 8900 Blind Pass Rd #A307, Sarasota Fl 34242
Collateral 3: 18610 Gulf Blvd #2, Indian Shores Fl 33785

Description:

Borrower requested a $1,300,000 loan to purchase 2 beach front condos in Sarasota, Florida, while additionally pledging a 3rd free and clear beach condo that is already owned. The borrower paid $785,000 for each condominium unit, both are turn key & move in ready. Borrower plans to lease the property for short term beach rentals (1 week minimum lease term per HOA) and refinance as an exit to the loan.

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.