Borrower requested a $60,000 loan to refinance a manufactured home in Spring Hill, FL. Built in 1999, the home sits on 1.08 acres and features 4 bedrooms, 2 bathrooms, and 1,782 square feet of living space. The exit strategy is to refinance into long-term debt.
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
