Borrower requested a $3,500,000 loan to purchase commercial land in Jacksonville, Florida, while additionally pledging an industrial property in Elizabethtown Pennsylvania. The borrower is purchasing the property for $3,250,000 and plans to parcel the property and sell a portion of the land while developing the other portion. The borrower owns a food refrigeration company and is an experienced real estate investor. A recent appraisal is available.
Collateral:
Type: Refinance
Description:
This is a $100,000 refinance loan request secured by a single-family property located in Odessa, FL. The subject property, built in 2023, features 4 bedrooms, 3.5 bathrooms, and 3,038 square feet of living space. The exit strategy is the sale of the property
- Loan Amount: $100,000
- Date: April 2026
