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: New Construction
Description:
Borrower requested a $110,000 loan to complete construction of a single-family property in Lehigh, Florida. The property features 4 bedrooms and 3 bathrooms, 2,152 square feet of living space, and a 2-car garage on a 0.25-acre lot. Borrower plans to lease the property for an annual rental after the renovation and refinance as an exit to the loan.
- Loan Amount: $110,000
- Date: July, 2026
