Borrower requested a $455,000 loan to refinance 3 manufactured mobile home properties in
Lakeland, Florida, and a condo unit in Destin, Florida. The borrower is cashflowing all assets and plans to pay off the loan with other sale proceeds.
Collateral:
Type: Fix and Flip
Description:
This is a $305,000 acquisition (land) loan secured by a tear-down single- family property located in Clearwater Beach, Florida. The subject property sits on a 0.16-acre lot (7,083 square feet) in a flood zone. The primary exit strategy for this loan is to build and sell a new construciton property.
- Loan Amount: $305,000
- Date: January 2026
