This is a $130,000 new construction loan request secured by a 3-bedroom, 2-bath single-family home with a garage totaling 1,342 heated sqft located in Tallahassee, FL. The borrower plans to list the property for sale as an exit to this 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
