Borrower requested a $175,000 loan to refinance a single-family property in Tampa, Florida. The property features 3 beds and 1 bath at 1,024 sq/ft, and the borrower has construction plans to add square footage and increase the bed/bath count to a 4/3. The borrower plans to list the property for sale after the renovation and refinance 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
