Borrower requested a $1,200,000 loan to refinance a Commercial property in St Petersburg, Florida. The property is a commercial building 9,660 sqft sitting on 1.78 acres.
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
