Recent Loan Closings

Collateral:

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Description:

Borrower requested a $185,000 loan to purchase a single-family property in Pace, Florida. The property features 3 bedrooms and 2 bathrooms at 2,067 square feet of living space on 1.29 acres. The borrower is collateralizing a 4-bedroom, 2-bathroom home with 1,749 square feet of living space. Borrower intends to sell both properties as an exit to the loan.

Collateral:

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Description:

This request is for a $320,000 new-construction loan for a repeat borrower, secured by a single-family residence in Palmetto, Florida. The property is a newly constructed, two-story, elevated four-bedroom, two-bathroom home featuring approximately 2,243 SF of heated living. Upon completion, the borrower intends to list the property for approximately $650,000, with the sale serving as the primary exit strategy.

Collateral:

Description:

Borrower requested a $230,000 new construction loan, to complete construction of a single-family home in St. Petersburg, Florida. Upon completion, the home will feature 3 bedrooms, 2 bathrooms, and 1,615 square feet of living space. The borrower intends to sell the property as the exit strategy.

Collateral:

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Description:

Borrower requested a $100,000 loan to refinance a single-family property in Panama City, Florida. The property features 2 bedrooms, 1 bathroom, 850 square feet of living space, and a 1-car garage. Borrower primary exit strategy is to pay off the loan with cash from the sale proceeds of the new construction project.

Collateral:

Description:

Borrower is requesting a $450,000 construction loan, with $125,000 funded at closing, to continue construction of a single-family residence in Englewood, Florida. Upon completion, the home will feature 4 bedrooms, 4.5 bathrooms, 4,067 square feet of living space, two stories, a 3-car garage, and an in-ground pool. The borrower plans to refinance the property upon completion as the exit strategy.

Collateral:

Description:

Borrower requested a $150,000 new construction loan to complete construction of a single-family property in New Port Richey, Florida. Upon completion, the property will feature 3 bedrooms, 2 bathrooms, 1,615 square feet of living space, and a 2-car garage. Upon completion of construction, the borrower intends to sell the home as the exit.