Borrower requested a $120,000 loan to refinance a commercial property in Orlando, Florida. The property features an industrial warehouse building with 5,564 sq/ft. The borrower plans to add square footage to the existing warehouse and refinance as an exit to the loan.
Collateral:
Type: Refinance
Description:
This is a $100,000 refinance loan request at 50% loan-to-value (LTV), secured by a Lake Worth, Florida condominium unit. The property has two bedrooms, two and a half bathrooms, and approximately 1,500 square feet of living space. Borrower plans to complete the renovation and exit the loan through a conventional property sale.
- Loan Amount: $100,000
- Date: June 2025