Borrower requested a $1,000,000 loan to refinance a new construction, single-family property in Odessa, Florida. The property features 4 beds and 4.5 baths at 4,190 sq/ft sitting on a 2.66 acre lot. Borrower plans to lease the property before listing for sale 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
