This is a $5,350,000 loan request secured by two luxury single-family residences in Belleair, Florida; one commercial warehouse in Clearwater, Florida. The property is a luxury waterfront estate built in 2007 featuring 4 bedrooms, 6 bathrooms, a 3-car garage, and approximately 8,068 square feet of living area. The anticipated exit strategy for the loan includes the future sale of the borrower’s current primary residence.

The collateral is a 1971-built, 1,068 SF concrete block stucco single-family residence featuring 2 bedrooms and 1 bathroom, situated on a 0.13-acre seawalled canal-front lot. The borrower plans to refinance as the primary exit strategy.