Recent Loan Closings

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Borrower requested a $150,000 loan to purchase a manufactured property in Tampa, Florida. The manufactured home was built in 2017 and features 3 beds and 2 baths at 1,512 sq/ft sitting on a 1.24 acre lot. Borrower intends to refinance the loan.

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Borrower requested a $120,000 loan to refinance a mobile home park in Tampa, Florida. The property is zoned mixed use MH park, features an office structure at 856 sq/ft and sits on .82 acres. The property has multiple mobile homes currently on the property and is cash flowing from weekly collections. Borrower plans to exit the loan with a refinance.

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Borrower requested a $420,000 loan to refinance a single-family property in Miami, Florida. The borrower is in the final stages of a $200,000 renovation including a pool. The property features 4 beds and 2 baths at 2,525 sq/ft. Borrower plans to list the property for sale as an exit to the loan.

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Borrower requested a $115,000 loan to purchase a single-family property in Ocala, FL. Borrower has a $25,000 rehab budget planned and the property features 2 beds and 2 baths at 1,067 sq/ft sitting on a 9,148 sq/ft lot. Borrower plans to sell this property as an exit to the loan.

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Borrower requested a $350,000 loan to purchase a single-family property in Clearwater, Florida. Borrower has an $80,000 construction budget planned, and the property features 5 beds and 3 baths at 2,683 sq/ft with a second ADU that features 1 bedroom and 1 bath above a 3-car garage. The properties sit on a 3⁄44 acre lot. Borrower plans to lease the property as an annual rental before refinancing as an exit to the loan.

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Borrower secured a $187,000 loan to purchase a single-family property in Plant City, Florida. Borrower has a $46,000 rehab budget planned, and the property features 3 beds and 1 bath at 1,440 sq/ft sitting on a 5.04-acre lot. Borrower plans to lease the property as an annual rental after the renovation and refinance as an exit to the loan.

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Borrower requested a $187,000 loan to purchase a single-family property in Plant City, Florida. The borrower paid $250,000 for the property in Plant City and has a $46,000 rehab budget planned. The property features 3 beds and 1 bath at 1,440 sq/ft sitting on a 5.04 acre lot. Borrower plans to lease the property as an annual rental after the renovation and refinance as an exit to the loan.

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Borrower requested a $120,000 loan to refinance a 1 acre parcel that features 2 single-family properties in Lakeland, Florida. The borrower paid $180,000 for the property in January 2022. Structure 1 features 2 beds and 1 bath at 912 sq/ft, and structure 2 features 1 bed, 1 bat at 552 sq/ft. Borrower plans split the parcel in 2, and then list the property for sale as an exit to the loan.

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Borrower requested a $240,000 refinance loan to complete two new construction projects in Fort Pierce, Florida. The borrower has been self funding the project to date and has completed 60% as of 2/10/23. The Deleon property will feature 4 beds and 2 baths at 2,010 sq/ft and the Melton property features 3 beds and 2 baths at 1,573 sq/ft. Borrower plans to list the properties for sale as an exit to the loan.

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Borrower requested a $66,000 loan on a land purchase of a 3-parcel property in Tampa, Florida. The borrower is purchasing the land for $133,000 and is planning to self-fund a $250,000 construction budget per home. The new builds will feature 3 beds and 2 baths at 1,792 heated sq/ft. Borrower plans to sell the property as an exit to the loan.

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Borrower requested a $180,000 loan to purchase a condo property in New Port Richey Fl, while additionally pledging an investment condo in Seminole Florida as additional collateral to the loan. The condo was originally purchased for $125,000 in July 2022, and has since been completely remodeled and is currently being leased as an annual rental for $2,250 a month. Borrower plans to refinance as an exit to the loan.

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Borrower requested a $220,000 loan to refinance a manufactured home in Tampa, Florida. The borrower recently received an appraisal for $372,000 and the property features 3 beds and 2 baths at 1,786 sq/ft, sitting on 2.37 acres with a large additional garage and carport combination. The borrower plans to refinance as an exit to the loan.

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Borrower requested a $2,500,000 loan to refinance an $8m commercial property in Valrico, Florida. The commercial building has 56,000 sq/ft, of which 19,000 is leased for $29,000/month and has another 37,000 shell ready to be built by the next tenant. Borrower has multiple exit strategies to the loan.

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Borrower requested a $295,000 loan to purchase a 5 unit multifamily property in Largo, Florida. The borrower paid $420,000 for the property and has an extensive renovation planned including full interior upgrades and all new 4 point upgrades. The property features 2 existing buildings, 4 units are 1 bed 1 baths and the other unit is a studio with a combined 2,552sq/ft. Borrower plans to lease the property for as an annual rental after the renovation and refinance as an exit to the loan.

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Borrower requested a $260,000 loan to refinance a 2 dwelling, single-family property in Tampa, Florida. The borrower has owned the property since 1995 and the property features a 3 bedroom, 1 bath unit at 1,500 sq/ft and a second 1 bedroom 1 bath unit at 740 sq/ft for a combined 2,240 heated sq/ft. Borrower is leasing the property as an annual rental and plans to complete a $15,000 renovation with a refinance exit strategy for the loan.

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Borrower requested a $117,000 loan to purchase a single-family property in Fort Myers, Florida. The borrower is paying $167,500 for the property that has suffered hurricane damage in 2022. The property features 3 beds and 2 baths at 1,448 sq/ft. Borrower plans to complete a $62,800 rehab budget out of pocket, before renting the property as an annual rental to refinance as an exit to the loan.

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Borrower requested a $110,000 loan to refinance a single-family property in Tampa, Florida. The property features 2 dwellings, a main home featuring 3 beds and 2 baths at 1,505 sq/ft and a detached apartment that holds 1 bed and 1 bath with 600 sq/ft. Borrower previously was leasing the property as an annual rental, and is between tenants, performing a full renovation of the property. Borrower plans to lease the property as a short term rental moving forward. Borrower will refinance as an exit to the loan.

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Borrower requested a $290,000 loan to refinance 2 single-family properties in Tampa, Florida. The property located at 7406 Deleuil Ave, features 2 beds and 1 bath at 1,180 sq/ft and the property located at 7408 Deleuil Ave, features 2 beds and 2 baths at 1,581 sq/ft. Borrower plans to renovate both properties and then lease them as annual rentals before refinancing as an exit to the loan.

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Borrower requested a $105,000 loan to refinance a condo in Sarasota, Florida. The borrower paid $100,000 for the property in 2020, has since remodelled and is now leasing the property as an annual rental. The property features 2 beds and 1 baths at 783 sq/ft. Borrower plans to purchase another investment property with the loan proceeds, and refinance as an exit to the loan.

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Borrower requested an $80,000 loan to refinance a condo in Tampa, Florida. The borrower paid $98,000 for the property in 2017. The property is currently tenant occupied, month to month, and features 2 beds and 2 baths at 1,175 sq/ft. Borrower plans to sell the property as an exit to the loan.

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Description: Borrower requested a $110,000 loan to build a single-family property in Tampa, Florida. The borrower is additionally pledging the adjacent vacant lot as collateral for the loan. The property will feature 3 beds and 2 baths at 1,291 sq/ft heated and 1,375 total sq/ft. Borrower plans to sell the property upon completion as an exit to the loan.

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Borrower requested a $186,000 loan to purchase a single-family property in Orange Park, Florida. The property was purchased for $245,000 and the borrower has a $30,000 construction budget planned, with a $15,000 construction holdback. The borrower is replacing the roof and completing a cosmetic renovation before listing the home for sale. The property features 4 beds and 2 baths at 1,636 sq/ft. The borrower plans to sell the property as an exit to the loan.

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Borrower requested a $200,000 loan to purchase a single-family property in Tampa, Florida. The borrower paid $285,000 for the property that features 3 beds and 2 baths at 1,260 sq/ft. There is a detached shed being converted to an efficancy and will be rented. The primary home is rent ready and will be leased for around $2,000/month.

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Borrower requested a $105,000 loan to purchase a single-family property in Tampa, Florida. The borrower is additionally pledging a free and clear investment property in Thonosassas as collateral for the loan. The property features 3 beds and 1 bath at 900 sq/ft, and is currently being rented but is in need of repairs. The borrower plans to refinance as an exit to the loan.

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Borrower requested an $850,000 loan to refinance a single-family property in Miami, Florida. Borrower is doing a cash out refinance to improve the property and satisfy other debts. Property value is estimated $1,500,000 and features 4 beds, 4 bathrooms at 3,706 Sq/Ft. Borrower plans to refinance as an exit to this loan.

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Borrower requested a $110,000 loan to build a single-family property in Tampa, Florida. The borrower is additionally pledging the adjacent vacant lot as collateral for the loan. The property will feature 3 beds and 2 baths at 1,291 sq/ft heated and 1,375 total sq/ft. Borrower plans to sell the property upon completion as an exit to the loan.

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Borrower requested a $100,000 loan to refinance a mobile home property in Hudson Florida. The property was purchased for $50,000 in February 2022, and has since been completely remodelled and listed for sale. Borrower plans to sell the property as an exit to the loan.

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Borrower requested a $125,000 loan to refinance a single-family property in Tampa, Florida. Borrower purchased the property in 2017 for $120,000 and performed a renovation to rent the property. The property is currently leased for $1,200 a month, and features 3 beds and 1 bath at 1,161 sq/ft. The borrower is paying off a $109,000 mortgage and plans to hold the property as a rental before refinancing as an exit to the loan.

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Borrower requested a $1,100,000 loan to refinance a single-family property in Crystal Beach, Florida. The borrower paid $1,650,000 for the property in 2019, and the property was built in 2015. The property features 4 beds and 4 baths at 2,600 sq/ft with a private pool. Borrower is currently leasing the property as a short term rental, and plans to refinance as an exit to the loan.

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Borrower requested a $170,000 loan to refinance a duplex property in Lakeland, Florida. The borrower has owned the property since 2003, and is currently leasing both units as annual rentals, for a combined $1,800/month. The property features 2 units, each with 2 beds and 1 bath at 855 sq/ft. Borrower plans to use the loan proceeds to improve the property, raise rents, and refinance as an exit to the loan.