09/13/2024
McLeod Capital Lending Inc is proud to announce that we financed these 5 deals recently.
Single Family primary residence in Miami valued at $415,000 and we provided a $300,000 fha loan for debt consolidation.
Single Family Rental property in Florida City. Valued at $360,000 was under a seller financing contract. With a $270,000 loan the borrower was able to finally pay the seller for the house and cash out the rest to invest in his business.
Single Family Primary Home in Lauderdale Lakes Florida. This was valued at $545,000. We did a cash out refinance loan to pay off current mortgage balance and keep to rest of the funds as cash to close for their upcoming million dollar home.
Townhouse in North Lauderdale Florida. First time homebuyer was able to purchase a $310,000 home taking out a conventional loan for $295,000.
Single Family Rental in Miami Gardens.
Appraisal came back at $750,000. This was renovation completion loan. Borrower was able to pay off current debt of $423,000 and use another $50,000 to complete renovations. New loan amount $495,000. Now that it’s completed its move in ready and is listed for rent at $5700 per month.
Stayed tuned.
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786-769-2601