This is an $85,000 refinance loan secured by a commercial asset located in Clearwater, Florida. The property features two bedrooms and one bathroom, on a 0.189-acre lot. The parcel is zoned C-2 (General Commercial and Services District), which permits a wide range of retail and service-oriented uses. The borrower’s primary exit strategy is to sell the property post-rehabilitation.
Collateral:
Type: Refinance
Description:
Borrower requested a $200,000 refinance loan secured by a single-family residence in Tampa, Florida. Built in 1980, the property features 3 bedrooms, 2 bathrooms, and 1,562 square feet of living space situated on a 0.19-acre lot. Upon completion of the renovations, the borrower intends to refinance into a long-term DSCR loan as the exit strategy.
- Loan Amount: $200,000
- Date: August 2026
