New Loan Funded

Collateral:

6590 Buckingham Rd, Fort Myers, FL 33905 & 1567 Maple Dr, Fort Myers, FL 33907

Description:

Borrower requested a $725,000 loan to purchase a single-family property in Fort Myers, Florida that sits on 7 cores. Additionally, the borrower is collateralizing a free and clear duplex also in Fort Myers. The single family, 7 Gore property was purchased for $700,000 and the borrower has a $43,000 construction budget planned. The property features 3 beds and 3 baths at 1,910 sq/ft. The 2nd place of collateral was purchased in 2014 and has since been fully remodeled, and is now tenant occupied ($330,000 estimated value).