New Loan Funded!

5407 Two Ninety Nine, Dr, Land o Lakes FL 34638

Collateral:

5407 Two Ninety Nine, Dr, Land o Lakes FL 34638

Description:

Borrower requested a $100,000 loan to purchase a manufactured home property with .37 acres, 2 blocks off of a lake in Land O Lakes, Florida. The borrower paid $197,500 for the property and has a $75,000 construction budget planned. The borrower plans to renovate the existing manufactured home, install another manufactured home on the property and rent both units out as short-term vacation rentals.

Collateral:

Description:

This is a $120,000 new construction loan request secured by a single-family home located in Spring Hill, Florida. The property is being built as a 4-bedroom, 2-bathroom residence with a 2-car garage, totaling 2,123 square feet. The home is fully dried in, with interior drywall and texture finished, bathroom tile installed, and all exterior work complete except for landscaping and the driveway. The planned exit strategy is to sell the property upon completion.

Collateral:

Type:

Description:

Borrower requested an $80,000 loan to refinance a single-family property in Hephzibah, GA. The property, built in 1990 offers 3 bedrooms, 1.5 bathrooms, and 1,344 square feet of living space on a 5.01-acre lot. The borrower plans to use loan proceeds to satisfy the owing balance and complete renovations. Once stabilized, the property will be listed for sale or refinanced into a DSCR loan as a rental.

Collateral:

Type:

Description:

This is a $100,000 refinance loan request, secured by a 2-bedroom, 1-bathroom single-family home built in 1939. The property offers 828 square feet of living space and is in moderate condition. The borrower is positioning the property for DSCR refinancing as the loan exit strategy.