New Loan Funded!

33031 Ranch Rd, Dade City, FL, 33523

Collateral:

33031 Ranch Rd, Dade City, FL, 33523

Description:

Borrower requested a $96,000 loan to purchase a 2.5 acre property that holds a double-wide manufactured home in Dade City, Florida. The borrower paid $160,000 for the property and has a $15,000 cosmetic renovation planned as the property is currently move in ready, needing only minor updates. The manufactured home has 3 bedrooms and 2 baths at 1,440 sq/ft. Borrower plans to lease the property to their construction workers and sell for a profit in 1-2 years.

Collateral:

Description:

This is a $200,000 new construction loan request for a single-family home located in Fort Myers, FL. Upon completion, the property will comprise two separate structures: the main residence, which features seven bedrooms and six bathrooms across 1,837 heated square feet, and a 550-square-foot studio suite, totaling 2,387 square feet of heated living area. Borrower exit strategy for this particular property is a long-term hold, with plans to refinance using a debt-service coverage ratio (DSCR) loan.

Collateral:

Type:

Description:

This is a $1,350,000 refinance loan request, secured by a 12-unit multifamily property located in Tampa, Florida. The property sits on 0.54 acres and is comprised of three separate buildings totaling 11,658 square feet. The unit mix includes three 3-bedroom/1-bath units, eight 2-bedroom/1-bath units, and one 1-bedroom/1-bath unit, with 13 designated parking spaces. The borrower plans to refinance to long-term debt as an exit to the loan.

Collateral:

Description:

This is a $380,000 new construction loan request for a duplex property located in St. Petersburg, FL. Upon completion, each unit will feature three bedrooms, one bathroom, and approximately 1,005 square feet of living space. The property sits on a double lot with road access from both sides. The borrower’s primary objective is to refinance and retain the property as a long-term investment.