The borrower is requesting a $165,000 loan to refinance a commercial property located in the Tampa Heights market of Tampa, Florida. The property contains approximately 3,366 square feet of heated space and is currently utilized as an active workshop and resale operation. The proposed exit strategy is to refinance the 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
