This is a $1,350,000 refinance loan request, secured by a 12-unit multifamily property located in Tampa, Florida. The property sits on 0.54 acres and is comprised of three separate buildings totaling 11,658 square feet. The unit mix includes three 3-bedroom/1-bath units, eight 2-bedroom/1-bath units, and one 1-bedroom/1-bath unit, with 13 designated parking spaces. The borrower plans to refinance to long-term debt as an exit to the 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
