This is a $92,000 refinance loan request secured by a mobile home located in Starke, Florida. The subject property is a manufactured mobile home with three bedrooms, two bathrooms, and approximately 1,488 square feet of living space, situated on a 1-acre lot. Borrower long-term plan is to refinance into a permanent loan product.
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
