Borrower requested a $370,000 loan to purchase a single-family, fix and flip property in Ruskin, Florida. The borrower paid $300,000 for the property and has a $70,000 construction budget planned. The property features 4 beds and 3 baths at 2,766 sq/ft and the borrower additionally pledged a cashflowing single family rental in Tampa as collateral to the loan. Borrower plans to sell the property once completed with the rehab.
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
