New Loan Funded!

Danube Ave, Tampa, FL & W Orient St, Tampa, FL & W Ivy St, Tampa, FL

Collateral:

Danube Ave, Tampa, FL & W Orient St, Tampa, FL & W Ivy St, Tampa, FL

Description:

Borrower requested a $1,650,000 loan to purchase a property located at Danube Ave, Tampa, FL, on Davis Island. The borrower additionally pledged 2 other free and clear assets to the loan, and intends to build new construction townhomes on the Davis Island property. The borrower plans to sell the new construction townhomes after completion as an exit from the loan.

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.