Borrower requested a $500,000 loan to refinance a commercial property in West Palm Beach, Florida. The property is mixed-use and is currently operating as a rehab facility with 16 beds and 4,604 sq/ft total. The borrower plans on leasing the property and then refinancing as an exit to the loan.
Collateral:
Type: Refinance
Description:
The borrower is requesting a $200,000 loan secured by a 3/2 single-family home. The borrower’s exit strategy is to refinance into a DSCR loan once the property has established rental history.
- Loan Amount: $200,000
- Date: June 2026
