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:
The borrower is requesting a $200,000 loan secured by a 3/2 single-family home. The borrower’s exit strategy is to refinance into a DSCR loan once the property has established rental history.
- Loan Amount: $200,000
- Date: June 2026
