The borrower requested a $1,200,000 loan to refinance a legal 11 unit multifamily property in Latana, Florida. The borrower was previously the tenant and ran a drug rehabilitation & wellness center. The borrower then purchased the property for $1,600,000 and is midway through a $400,000 renovation to increase the bed count of the facility.
Collateral:
Type: Fix and Flip
Description:
This is a $1,505,000 loan request to purchase a stabilized commercial office property located in Tampa, Florida. The collateral consists of a fully occupied, single-story office building containing 10 individual suites and approximately 5,788 square feet of heated space situated on a 14,792-square-foot (0.34-acre) corner lot. The primary exit strategy is to sell a property.
- Loan Amount: $1,505,000
- Date: June 2026
