New Loan Funded!

St John St, Tampa, FL

Collateral:

St John St, Tampa, FL

Description:

This is a $100,000 loan request to acquire a single-family tear-down property in Tampa, FL. The existing structure is a two-bedroom, one-bathroom single-family home built in 1948, which is slated for demolition. The lot is zoned RS50 and measures 50 x 95 and 4,750 square feet. The borrower plans to sell the completed single-family home once construction is finished as an exit strategy for the loan.

Collateral:

Description:

This request is for a $260,000 new construction loan secured by two to-be-built single-family homes (to be built) and two additional neighboring subdivided lots pledged as collateral. The first will consist of three bedrooms, two bathrooms, approximately 1,704 square feet of living area, and a two-car garage. The second will include three bedrooms, 2.5 bathrooms, approximately 1,777 heated square feet, and a two-car garage. Borrower primary exit strategy is to sell the property after completion.

Collateral:

Type:

Description:

This is a $150,000 loan request secured by vacant land located in Clearwater, Florida. The property is classified as vacant residential land consisting of a lot and acreage under five acres, with no existing improvements. The anticipated sale of the property will serve as the exit strategy for repayment of the loan.

Collateral:

Type:

Description:

This is a $120,000 refinance loan request secured by a free-and-clear single-family residence located in Lakeland, Florida. The property was built in 1972 and consists of three bedrooms, two bathrooms, and approximately 1,624 square feet of living space, situated on a 0.35-acre lot with a two-car garage. The borrower is completing this refinance as an exit strategy, with the intent to transition into a DSCR loan.