New Loan Funded!

98th Ave, Pinellas Park, FL 33782

Collateral:

98th Ave, Pinellas Park, FL 33782

Description:

Borrower requested a $500,000 loan to refinance a single-family property in Pinellas
Park, Florida. The property features 4 beds and 3.5 baths at 2,812 sq/ft sitting on a 3/4 acre
lot. The borrower plans to use the funds to complete repairs on the property in preparation to list the property on Airbnb. Borrower plans to refinance as an exit from the loan.

Collateral:

Lutz, FL & Multiple Collateral

Description:

This financing opportunity involves a $2.5 million lending request structured as two interest-only mortgages with a 2-year term and 12% fixed interest. The transaction includes a commercial acquisition loan supported by multiple commercial real estate assets, along with a separate residential refinance, resulting in a conservative overall loan-to-value ratio backed by substantial collateral. The primary exit strategy is to refinance the commercial property.

Collateral:

Type:

Tampa, FL

Description:

The borrower is requesting a $165,000 loan to refinance a commercial property located in the Tampa Heights market of Tampa, Florida. The property contains approximately 3,366 square feet of heated space and is currently utilized as an active workshop and resale operation. The proposed exit strategy is to refinance the loan.

Collateral:

Tampa, FL

Description:

This is a $235,000 Fix-and-Lease loan request, secured by a single-family residence in Tampa, Florida. The subject property is located in the desirable Town and Country submarket of Tampa and is reflected in public records as a 2-bedroom, 1.5-bathroom home totaling approximately 1,702 square feet, including a converted garage that serves as additional living space. Upon completion of the renovation, the borrower plans to refinance the property into a DSCR loan.