Borrower requested a $230,000 loan to refinance a single-family property in Cape Coral, FL. The home features 4 bedrooms, 3 bathrooms, 1,993 square feet of living space, and an in-ground pool with a birdcage enclosure. Upon completion of renovations, the borrower plans to rent the property and then refinance as the exit strategy.
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
