This request is for a $5.4 million second mortgage loan secured by a luxury single-family residence located in Miami Beach. It features 5 bedrooms, 7 bathrooms, and approximately 7,890 square feet across two stories, offering direct bay frontage, skyline views, a private dock, and seamless indoor-outdoor living. The anticipated exit strategy for this loan is the eventual sale of the property.
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
