Borrower requested $105,000 loan to purchase a $151,000 manufactured mobile home property on 3.85 acres in Zephyrhills. Borrower intends to build 13 new construction homes on the land and will exit the loan with construction to perm 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
