New Loan Funded!

Dover, FL

Collateral:

Dover, FL

Description:

This request is for a $450,000 new construction loan, with $125,000 to be funded at closing, secured by a new construction single family proeprty located in Dover, Florida. The property will feature a two-story single-family residence with four bedrooms and four bathrooms, totaling 3,745 square feet of living area and a two-car garage, situated on a 1.2-acre lakefront lot backing up to a private lake. The primary exit strategy is a refinance into long-term financing upon completion, though the borrower has stated he would consider a sale if market conditions warrant.

Collateral:

Type:

Description:

The borrower is requesting a $125,000 first-lien refinance secured by a vacant lakefront parcel located on Lakeside Dr.,Lutz, FL. The collateral consists of a 0.42-acre irregular-shaped unimproved lot with approximately 80 linear feet of direct frontage on a private ski lake. The borrower’s exit strategy is an o sale of the subject parcel.

Collateral:

Type:

Description:

Borrower requested a $150,000 TRID loan, to refinance a single-family property in Jacksonville, Florida. The 1985-built home features 3 bedrooms, 3.5 bathrooms, and 2,038 square feet of living space across two stories. Borrower intended exit strategy is to refinance into a conventional loan once the planned improvements are completed.

Collateral:

Type:

Description:

Borrower requested a $185,000 loan to purchase a single-family property in Pace, Florida. The property features 3 bedrooms and 2 bathrooms at 2,067 square feet of living space on 1.29 acres. The borrower is collateralizing a 4-bedroom, 2-bathroom home with 1,749 square feet of living space. Borrower intends to sell both properties as an exit to the loan.