This is a $170,000 loan request for a 10-acre working farm ranch located in Brooksville, FL. The first manufactured home, built in 2000, is in well-maintained condition and features 3 bedrooms and 2 bathrooms. It covers 1,152 square feet. The second manufactured home, built in 1989, has 3 bedrooms and 2 bathrooms and covers a total area of 910 square feet. The mobile home, built in 1995, similarly has three bedrooms and two bathrooms and covers a living space of 784 square feet. The borrower is positioned to refinance as the exit strategy for 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
