This request is for a $550,000 refinance loan, secured by six free-and-clear properties. The collateral includes four condominium units located on Cyprus Drive in Palm Harbor, Florida, as well as two commercial properties in Winter Haven, Florida. Condominium units features one bedroom, one bathrooms, and are approximately 675 square feet, being operated as short term rentals. Borrower aims to refinance to DSCR loans as an exit to the DKC loan.
Collateral:
Type: New Construction
Description:
Borrower has requested $125,000 to complete construction of a two-story, wood-frame duplex in Augusta, GA. Each unit of the duplex will offer 1,580 square feet of living space, with 794 square feet on the first floor and 786 square feet on the second. The borrower’s primary exit strategy is to sell the completed duplex.
- Loan Amount: $125,000
- Date: October 2026