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: Refinance
Description:
This request is for a $110,000 refinance loan secured by a single-family residence located in Palmetto, Florida. The subject property was built in 2001 and consists of a 3-bedroom, 2-bathroom home with 1,060 square feet of living area and a one-car garage. Borrower will refinance as the loan’s exit strategy.
- Loan Amount: $110,000
- Date: January 2026
