New Loan Funded!

Rose Arbor Dr, Hernando Beach, FL

Collateral:

Rose Arbor Dr, Hernando Beach, FL

Description:

This is a $150,000 new construction loan request for a single-family waterfront property in Hernando Beach, FL. Upon completion, the property will feature two bedrooms, two bathrooms, and 1,231 square feet of living space across two stories. It is hurricane-resistant, elevated on concrete pillars 10 feet above sea level, with the first floor 22 feet above sea level. The borrower, plans to list the completed property as his exit strategy for the loan.

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.