New Loan Funded!

1809 N 34th St, Tampa, FL 33605

Collateral:

1809 N 34th St, Tampa, FL 33605

Description:

Borrower requested a $408,000 loan to refinance a commercial laundry mat in Tampa, Florida. The borrower purchased the property in 2019 for $370,000 and spent $75,000 on building improvements and $150,000 on laundry machines. The property is now a fully operational laundry mat cash flowing and profitable each month. The borrower is an experienced, repeat investor with an extensive rental portfolio and has operated and sold multiple businesses in the automotive industry.

Collateral:

Description:

This is a new construction loan for a single-family residence to be developed in Plant City, Florida. The proposed structure will feature six bedrooms, six bathrooms, and a two-car garage, totaling approximately 3,664 square feet. The primary exit strategy is to sell the completed property.

Collateral:

Type:

Description:

The borrower requested a $175,000 loan to refinance two single-family properties in Lake City, Florida. The 1st property features 3 bedrooms, 1.5 bathrooms, and 1,346 sq/ft, while the 2nd property offers 3 bedrooms, 1 bathroom, and 1,152 sq/ft on a 2-acre lot. The borrower intends to refinance as an exit strategy for the loan.

Collateral:

Type:

Description:

This is a $150,000 refinance loan for a single-family property in Tampa, Florida. The home consists of two bedrooms and one bathroom; however, the inspection report reflects a layout of three bedrooms and two bathrooms with a total living area of 1,264 square feet. As an exit strategy, the borrower plans to refinance the subject property through a Debt Service Coverage Ratio (DSCR) loan.