Borrower requested a $48,000 loan to purchase a manufactured mobile home, fix and flip property in Wesley Chapel, Florida. The property was purchased for $80,000 and the borrower has a $25,000 cosmetic remodel planned including a full kitchen & bathroom remodel along with paint and flooring and more. Borrower plans to complete the remodel and sell for a profit.
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
