This is a $65,000 refinance loan request, secured by a manufactured mobile home located in Brooksville, Florida. The subject property is a 1981-built manufactured home comprising three bedrooms, two bathrooms, and approximately 1,344 square feet of living space. As an exit strategy, the borrower intends to list the property for sale.
Collateral:
Type: Fix and Lease
Description:
This financing opportunity involves a $2.5 million lending request structured as two interest-only mortgages with a 2-year term and 12% fixed interest. The transaction includes a commercial acquisition loan supported by multiple commercial real estate assets, along with a separate residential refinance, resulting in a conservative overall loan-to-value ratio backed by substantial collateral. The primary exit strategy is to refinance the commercial property.
- Loan Amount: $2,500,000
- Date: July 2026
