This request pertains to a $360,000 new-construction loan for a single-family residential property in Largo, Florida. The proposed home will feature three bedrooms, two bathrooms, and a two-car garage, totaling approximately 1,746 square feet on a 0.19-acre lot. Borrower primary exit strategy is to sell the property.
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
