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 $305,000 acquisition (land) loan secured by a tear-down single- family property located in Clearwater Beach, Florida. The subject property sits on a 0.16-acre lot (7,083 square feet) in a flood zone. The primary exit strategy for this loan is to build and sell a new construciton property.

Collateral:

Description:

This loan was for a $350,000 new construction project secured by a single-family residential property located in Spring Hill, Florida. The final build consists of 4-bedroom, 3-bathroom single-family home with a 2-car garage, totaling 2,364 heated square feet. The primary exit strategy is a sale of the completed property.

Collateral:

Type:

Description:

This is a $420,000 refinance loan request secured by a single-family estate property located in Myakka City, Florida. The subject property consists of a two-story residence with six bedrooms, three and one-half bathrooms, and 3,106 square feet of living area, including an inground swimming pool on a 10-acre parcel, which also features a horse stable, barn, and chicken coop. Borrower is long term refinancing as a exit strategy.