Borrower requested a $80,000 loan to refinance a duplex property in Jacksonville, Florida. Built in 1929 the property features 6 bedrooms, 4.5 bathrooms and 2,580 square feet of living space. The borrower plans to refinance as an exit strategy.
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
