This is a $100,000 refinance loan request, with an initial disbursement of $60,000 at closing, secured by a single-family residence in Plant City, Florida. The property, built in 1982, is a 2-bedroom, 1-bathroom home with 912 square feet on a 0.68-acre lot. Borrower’s exit strategy is 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
