This is a $200,000 fix-and-lease loan request, for the purchase and renovation of an 8-unit apartment building located in Sulphur Springs, Florida. It is a two-story structure totaling 2,716 square feet. It includes two one-bedroom, one-bathroom units and six units that are studio apartments. Upon completion of renovations, the borrower intends to either refinance the property into a DSCR loan or sell, depending on market conditions.
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
