This request is for a $380,000 new construction loan for a luxury single-family residence in Wimauma, Florida. The planned residence will offer 4,036 square feet of living space, including four bedrooms, four bathrooms, an office suite that can double as an additional bedroom, and two separate two-car garages, all situated on 5.42 acres. The borrower plans to list the property for sale as an exit strategy from the loan.
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
