Borrower requested a $325,000 loan to refinance a mixed-use property in Bradenton, Florida as well as a single-family residence in Palmetto, Florida. The Property features 2 retail units at 1,485 sq/ft. Borrower plans to lease the property for an annual rent after the renovation and refinance as an exit to the loan.
Collateral:
Type: Refinance
Description:
The borrower is requesting a $200,000 loan secured by a 3/2 single-family home. The borrower’s exit strategy is to refinance into a DSCR loan once the property has established rental history.
- Loan Amount: $200,000
- Date: June 2026
