The borrower requested a $115,000 new construction loan for a single-family property located in Babson Park, FL. The property, which features 3 bedrooms, 2 bathrooms, and 1,403 square feet of living space, is approximately 70% complete. The borrower intends to list the property for sale.
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
