Borrower requested a $250,00 loan to purchase a single-family property in Largo, Florida. The property has a single-family residence featuring 3 beds and 1 bath at 988 sq/ft. sitting on a double-lot. The borrower plans to build a single-family residence with 1,700 sq/ft in the split parcel and list it for sale.
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
