This request is for an $800,000 cash-out refinance loan secured by a commercial vacant land asset located in Tampa, Florida. The property totals 11.448 acres, consisting of 8.438 acres of usable land and 3.01 acres of lowlands. It benefits from direct access to both Adamo Drive and the Selmon Expressway, providing excellent visibility and connectivity. Borrower aims to exit the loan with a sale of another property.
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
