Borrower requested a $172,500 loan to purchase a single family property in Panama City, Florida. Borrower is paying $230,000 for the property and has a $27,000 cosmetic rehab budget planned. The property features 3 beds and 2 baths at 1,7448 sq/ft and has an ARV of around $315,000+.
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
