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: Refinance
Description:
This is a $70,000 refinance loan request, secured by a single-family residence located in Panama City, Florida. The subject property was built in 1952 and consists of a 4-bedroom, 3-bathroom home with a one-car garage, totaling 2,416 square feet, along with an oversized detached garage, situated on one acre of land. Borrower exit strategy is to either retain the property as employee rental or sell the property.
- Loan Amount: $70,000
- Date: December 2025
