The borrower requested an $860,000 loan to refinance both a commercial property and a quadplex property in Tampa FL. The commercial property (Osborne) features 9 commercial units at a total of 7,435 rentable square footage and is currently being leased. The additional collateral located on Bloomingdale Villas features 4 units with a total of 3 bedrooms and 2 bathrooms at 4,024 sq/ft. The borrower plans to refinance as an exit to the loan.
Collateral:
Type: Fix and Lease
Description:
This request is for a $160,000 refinance loan , secured by a quadplex located in Lakeland, FL. The property, built in 1954, consists of four 2-bedroom, 1-bathroom units, each approximately 600 sq. ft., totaling 2,400 sq. ft. of heated living area, with four separate electrical meters and individual water connections. Borrower preferred exit strategy is to refinance.
- Loan Amount: $160,000
- Date: December 2025
