New Loan Funded!

Union Springs Rd, Spring Hill, FL

Collateral:

Collateral 1: Union Springs Rd, Spring Hill, FL
Collateral 2: Tryon Cir, Spring Hill, FL

Description:

The borrower requested a $225,000 loan to purchase a single-family property in Springhill, Florida. The borrower is additionally pledging a free & clear single-family property located in Spring Hill, which features 3 beds and 2 baths at 1,767 sq/ft and is currently rented. The Union Springs property features 2 beds and 2 baths at 1,235 sq/ft on a 0.23-acre lot. The borrower is planning to refinance as an exit to the loan.

Collateral:

Description:

This is a $380,000 new construction loan request for a single-family property located in St. Augustine, FL. The home will feature 3 bedrooms, 2.5 bathrooms, and an office that can serve as an additional bedroom, with a total of 2,256 square feet of living space. The borrower will refinance the subject property if the builds and the sales take longer than anticipated.

Collateral:

Description:

This is a $156,000 fix-and-lease loan request, for a single-family property located in Orlando, FL. The property features 3 bedrooms, 1 bathroom, and 1,020 square feet of living space. The borrower intends to exit the loan through a Debt Service Coverage Ratio (DSCR) refinance upon completion of the renovation.

Collateral:

Type:

Description:

Borrower requested a $600,000 loan to refinance a single-family property in Odessa, Florida. The property features 5 beds and 4 baths at 3,237 sq/ft and is in great condition, with a 2023 roof, 2022 A/C and remodeled bathrooms. The borrower will sell the subject property as an exit to this loan.