Borrower requested a $500,000 loan to purchase a commercial car lot and building in Hudson, FL. The borrower paid $695,000 for the property and has plans to build a new structure and sell the property as a car dealership. Appriased value was $850,000 at purchase.
Collateral:
Type: Fix and Lease
Description:
The borrower has requested a $242,000 loan to purchase a townhome in Wesley Chapel, Florida. The home was completed in 2025 and features 3 bedrooms, 2.5 bathrooms, and approximately 2,132 square feet of living space across two stories. The property also includes a two-car garage. As an exit strategy, borrower intends to refinance the property.
- Loan Amount: $242,000
- Date: June 2026
