Recent Loan Closings

Collateral:

Description:

This is a $255,000 new construction loan request for a duplex located in Lake Wales, FL. The proposed duplex will consist of two units, each featuring three bedrooms, two bathrooms, and approximately 1,005 square feet of living space, totaling six bedrooms, four bathrooms, and 2,010 square feet of combined living space. Borrower’s refinancing strategy is designed to manage debt and cash flow based on rental income.

Collateral:

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Description:

This is a $150,000 new construction loan request, secured by a single-family home under construction and an adjacent vacant lot, both located in Lakeland, Florida. The subject is 3-bedroom, 2-bathroom home, totaling 1,085 square feet, which includes a two-car garage. Their planned exit strategy is to sell the completed home.

Collateral:

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Description:

Borrower requested a $157,000 loan to purchase a single-family property in Orlando, Florida. The property features 4 beds and 2 baths at 1,530 sq/ft. The borrower plans to refinance as an exit to the loan.

Collateral:

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Description:

This is a $270,000 refinance loan request secured by a bungalow-style single-family residence in Tampa, Florida. The subject property’s main structure features three bedrooms and two bathrooms across 1,458 square feet of living space. The borrower exit strategy is to sell the Tampa property upon completion of the renovations.

Collateral:

Description:

This is a $100,000 ($75k At closing) new construction loan request for a single-family home in Fort Myers, Florida. The home would have 3-bedroom, 2-bathroom totaling 1,438 square feet of living space, including a two-car garage. His exit strategy for the subject loan is to sell the completed home.

Collateral:

Description:

This is a $260,000 (60k @ closing) new construction loan request to complete two single-family homes located side by side in New Port Richey, FL. Each home features a 2-bedroom, 2-bathroom layout with approximately 1,585 square feet of living space and an attached garage. Borrower’s current plan is to sell one of the completed homes and refinance the other.