Borrower requested an $80,000 loan to purchase buildable land in Weeki Wachee, Florida. The borrower is collateralizing the property on Benes Roush Rd, which features 2 bedrooms and 1 bathroom 960 sqft MH that is located on 1 acre. The borrower plans to refinance as an exit 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
