The borrower requested a $5,000,000 loan to refinance a Condo property in Miami, Florida as well as pledging 6 other properties as collateral to the loan. The condo property is 6 beds and 9.5 baths at 11,661 sq/ft which also includes a 4 car garage and views of the ocean. The borrower plans to refinance as an exit to the loan
Collateral:
Type: New Construction
Description:
This is a $480,000 new construction loan request, with $200,000 funded at closing, secured by a non-waterfront single-family-zoned lot in Redington Shores, Florida. The project will consist of a three-story, coastal-style home featuring three bedrooms, three bathrooms, approximately 2,072 heated square feet, and a two-car garage. The primary exit strategy is a retail sale.
- Loan Amount: $480,000
- Date: February 2026
