This is an $85,000 refinance loan secured by a commercial asset located in Clearwater, Florida. The property features two bedrooms and one bathroom, on a 0.189-acre lot. The parcel is zoned C-2 (General Commercial and Services District), which permits a wide range of retail and service-oriented uses. The borrower’s primary exit strategy is to sell the property post-rehabilitation.
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
