Recent Loan Closings

Collateral:

Type:

Description:

The borrower requested a $130,000 fix-and-flip loan secured by a single-family home in Pensacola, FL. The property currently features 3 bedrooms, 2 bathrooms, and 1,328 square feet of living space on a 1-acre lot. The borrower is also collateralizing a separate, free-and-clear single-family home. This property, built in 1992, sits on 0.42 acres and includes 3 bedrooms, 2 bathrooms, and 1,431 square feet of living space. The borrower’s exit strategy is to sell the property.

Collateral:

Description:

This request is for a $600,000 new construction loan, secured by a 10,000 SF ground-up commercial retail development at Quincy, Florida. The primary exit strategy is stabilization followed by refinance, with asset disposition as a secondary option.

Collateral:

Description:

This is a $200,000 new construction loan request secured by a single-family new construction project in Tampa, FL. The subject property will feature 3 bedrooms and 2 bathrooms, a 1-car garage with 1,176 square feet of living space. The borrower plans to refinance the property as an exit to this loan.

Collateral:

Description:

Borrower requested a $550,000 fix-and-lease loan request secured by a commercial property in Clearwater, FL, and 2 ongoing construction projects consisting of single-family homes in Dunedin, FL. The primary exit strategy is to sell the property.

Collateral:

Description:

This request is for a $170,000 new construction loan, secured by a single-family residence in Dover, Florida. The planned improvements include a 1,849-square-foot home with three bedrooms, two bathrooms, an office, a two-car garage, and a covered lanai. The borrower primary exit strategy is to sell the property upon completion.

Collateral:

Description:

Borrower requested a $195,000 fix-and-lease loan secured by a single-family property located in Jacksonville, FL. The subject property, built in 1972, features 4 bedrooms, 2 bathrooms, and 1,884 square feet of living space, along with a two-car garage and an in-ground pool situated on a 0.29-acre lot. The exit strategy is to refinance the loan.