New Loan Funded!

Saint Petersburg, FL

Collateral:

Saint Petersburg, FL

Description:

This request is for a $240,000 new construction loan, with $110,000 to be funded at closing, secured by a single-family residence located in St. Petersburg. The property will feature three bedrooms, two bathrooms, and approximately 1,500 square feet of living space. The primary exit strategy is to complete construction, obtain a certificate of occupancy, and sell the property. As a secondary exit strategy, the borrower maintains a strong credit profile and can refinance the property if market conditions require additional time to achieve a sale.

Collateral:

Type:

Description:

The borrower is requesting a $125,000 first-lien refinance secured by a vacant lakefront parcel located on Lakeside Dr.,Lutz, FL. The collateral consists of a 0.42-acre irregular-shaped unimproved lot with approximately 80 linear feet of direct frontage on a private ski lake. The borrower’s exit strategy is an o sale of the subject parcel.

Collateral:

Type:

Description:

Borrower requested a $150,000 TRID loan, to refinance a single-family property in Jacksonville, Florida. The 1985-built home features 3 bedrooms, 3.5 bathrooms, and 2,038 square feet of living space across two stories. Borrower intended exit strategy is to refinance into a conventional loan once the planned improvements are completed.

Collateral:

Type:

Description:

Borrower requested a $185,000 loan to purchase a single-family property in Pace, Florida. The property features 3 bedrooms and 2 bathrooms at 2,067 square feet of living space on 1.29 acres. The borrower is collateralizing a 4-bedroom, 2-bathroom home with 1,749 square feet of living space. Borrower intends to sell both properties as an exit to the loan.