Borrower requested a $4,800,000 loan to refinance a single-family property in Indian Creek, Florida (Billionaires Bunker). The property features 10 beds and 8 baths at 20,296 sq/ft sitting on a 1.82 acre lot. The borrower plans to liquidate a portion of their real estate portfolio to satisfy this mortgage.
Collateral:
Type: Refinance
Description:
Borrower is secured by four properties: a luxury condominium in Miami, FL; a single-family home in Roswell, GA; and two properties in Greenwood, SC—a commercial building and a single-family home. The borrower intends to refinance the loan using a DSCR (Debt Service Coverage Ratio) product.
- Loan Amount: $1,050,000
- Date: November 2024