Borrower requested a $350,000 loan to purchase a single family property in Inverness FL, that is currently being operated as a bed and breakfast. Additionally, the borrower is pledging a mixed use property located in Tampa, FL as collateral for the loan. The SFR features 3,134 SqFt, and 3 bed 4 baths, while the mixed use property features 2 main buildings and 4 tenants for a combined $6,400/month.
Collateral:
Type: Refinance
Description:
This is a $60,000 refinance loan request secured by a free-and-clear single-family home located in Lehigh Acres, Florida. The subject property is a 3-bedroom, 1-bathroom residence offering 920 square feet of living space. The primary exit strategy for the loan is repayment through cash flow from business and secondary option is to refinance into a DSCR loan if additional time is needed.
- Loan Amount: $60,000
- Date: October 2025
