The borrower is requesting a $120,000 loan to refinance a single-family residence located in Mulberry, Florida. The property consists of 3 bedrooms, 3 bathrooms, and approximately 2,916 square feet of living area. The borrower’s exit strategy is the retail sale of the subject property upon completion of the planned renovations.
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
