New Loan Funded!

608 38th St S, St. Petersburg, FL 33711

Collateral:

608 38th St S, St. Petersburg, FL 33711

Description:

Borrower requested a $108,500 loan to purchase a $155,000, 2 bed 1 bath property in St, Petersburg Florida. The property is set to undergo a $15,000 cosmetic renovation before being rented out for long term housing. Borrower plans to exit the loan with a bank refinance, adding the property to his rental portfolio as it is in a desirable location.

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.