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:

Type:

Description:

Borrower requested a $125,000 loan to refinance a single-family property located in Deltona,
Florida. The property features 4 beds and 2 baths at 1,668 sq/ft. The property is currently leased as an annual rental. Borrower plans to refinance as an exit to the loan.

Collateral:

Type:

Description:

Borrower requested a $90,000 loan to purchase a single-family property in Jacksonville, Florida. The borrower plans to renovate the property and sell as an exit to the loan. The property features 4 beds and 2 baths at 1,566 sq/ft, with a detached mother in law suite.

Collateral:

Description:

Borrower requested a $337,000 loan to purchase a commercial property in Gulfport, Florida. The property is currently leased and operated as a K-5 school, owned by a local church. Borrower plans to convert the property into a wellness center once the lease expires, increasing cashflow and then refinancing as an exit to the loan.