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:

The borrower is requesting a $200,000 loan secured by a 3/2 single-family home. The borrower’s exit strategy is to refinance into a DSCR loan once the property has established rental history.

Collateral:

Type:

Description:

The borrower is requesting a $150,000 loan to acquire a single-family residence located in Tampa, Florida. The property consists of 3 bedrooms, 2 bathrooms, and approximately 1,378 square feet of living area. The borrower’s exit strategy is the retail sale of the property.

Collateral:

Description:

This is a $150,000 new construction loan request for a single-family property in Saint Petersburg, Florida. The borrower plans to list the property for sale as the exit for this loan.