New Loan Funded!

Spanish Main, Tampa, FL

Collateral:

Spanish Main, Tampa, FL

Description:

The borrower requested a new construction loan for a waterfront luxury single-family residence in Tampa, FL. The residence will feature 6 bedrooms, 7 bathrooms, 3 powder rooms, a 4-car garage, and 10,882 heated square feet. The planned amenities include a home theater, a golf simulator, a speakeasy bar with hidden doors, an elevator, a full gym with a recovery room and sauna, and a dedicated entertainment room for children. The exterior will feature a full outdoor kitchen, pool and spa, a covered cabana with an entertainment area, and a comprehensive dock with multiple boat slips, lifts, and a jet ski dock. Borrower’s primary exit strategy is to sell a property.

Collateral:

Type:

Description:

This request is for a $110,000 refinance loan secured by a single-family residence located in Palmetto, Florida. The subject property was built in 2001 and consists of a 3-bedroom, 2-bathroom home with 1,060 square feet of living area and a one-car garage. Borrower will refinance as the loan’s exit strategy.

Collateral:

Description:

This is a $94,000 fix-and-lease loan secured by a double-wide mobile home located in the Highlands Meadows area of Spring Hill, Florida. The home features three bedrooms, two bathrooms, and approximately 1,800 square feet of living area and is currently in poor condition. The primary exit strategies of borrower is to loan refinance or cash repayment.

Collateral:

Description:

This is a $120,000 new-construction loan, secured by a duplex in Panama City, Florida. The property is currently estimated to consists of two units, each featuring 3 bedrooms, 2 bathrooms, 1,384 square feet of living area, and a one-car garage. Borrower preferred exit strategy is to refinance.