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:
The borrower has requested a $242,000 loan to purchase a townhome in Wesley Chapel, Florida. The home was completed in 2025 and features 3 bedrooms, 2.5 bathrooms, and approximately 2,132 square feet of living space across two stories. The property also includes a two-car garage. As an exit strategy, borrower intends to refinance the property.
- Loan Amount: $242,000
- Date: June 2026
