This is a $250,000 loan request for a condo in the luxurious Grand Central at Kennedy complex in Channelside, downtown Tampa, Florida. The subject property, Unit 821, is a 2-bedroom, 1-bathroom unit with 1,050 square feet. The borrower plans to refinance into a DSCR loan as the primary 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
