Borrower requested a $400,000 loan to purchase a commercial office building in Tampa, Florida. The property features multiple offices, 2 baths and 3,217 sq/ft. Borrower plans to lease the offices as annual rentals after the renovation and refinance as an exit to the loan.
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
