Borrower requested a $3,800,000 loan to purchase a commercial building in Clearwater, Florida. The property was built in 1972 and features 16,729 leasable sq/ft and 46 units. Borrower plans to keep leasing the property and refinance as an exit to the loan.
Collateral:
Type: Fix and Lease
Description:
The borrower has requested a $242,000 loan to purchase a townhome in Wesley Chapel, Florida. The home was completed in 2025 and features 3 bedrooms, 2.5 bathrooms, and approximately 2,132 square feet of living space across two stories. The property also includes a two-car garage. As an exit strategy, borrower intends to refinance the property.
- Loan Amount: $242,000
- Date: June 2026
