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:

Description:

This is a $150,000 new construction loan request for a single-family residence in Port Charlotte, FL. The home will offer three bedrooms, two bathrooms, 1,342 square feet of living space, and a one-car garage upon completion. The borrower exit strategy for this loan is to refinance upon completion.

Collateral:

Type:

Description:

This is a $360,000 loan request secured by two single-family residential properties in Tampa, Florida, and St. Petersburg, Florida. The first property, is a 1,755-square-foot, three-bedroom, three-bathroom home built in 1951. The second property is a 994-square-foot, two-bedroom, one-bathroom home built in 1962. The borrower plans to renovate and sell both properties upon completion as an exit to the loan.

Collateral:

Type:

Description:

Borrower requested a $390,000 loan to purchase a single-family property in Zephyrhills, Florida. The borrower paid $650,000 for the property. The property features 2 beds, 4 baths, and office space at 2,307 sq/ft on a 4-acre lot. The property was fully renovated and features an open floor plan, with a separate garage and pool. The borrower plans to use the property as a second home and plans to sell other free & clear property as an exit to this loan.