Borrower requested a $1.8M loan to refinance a luxury apartment in Sunny Isles, Florida. The property features 4 beds and 5 baths at 3,171 sq/ft. Additionally, the borrower is pledging two condos in Maryland as collateral for this loan. Borrower plans to secure bank financing to refinance as an exit to the loan.
Collateral:
Type: Refinance
Description:
This is a $60,000 refinance loan request secured by a free-and-clear single-family home located in Lehigh Acres, Florida. The subject property is a 3-bedroom, 1-bathroom residence offering 920 square feet of living space. The primary exit strategy for the loan is repayment through cash flow from business and secondary option is to refinance into a DSCR loan if additional time is needed.
- Loan Amount: $60,000
- Date: October 2025
