The borrower requested a $720,000 loan to refinance a single-family property located in Naples, Florida. Built in 2014, the home features 6 bedrooms, 4 bathrooms, 3,266 square feet of living area, a 2-car garage, and a screened-in inground pool situated on a 0.22-acre lot. The New York property is a brick multifamily asset originally built in 1905 and consists of three units: one 4-bedroom/1-bath unit, one 3-bedroom/1-bath unit, and one 2-bedroom/1-bath unit. The goal is to position to refinance into a conventional mortgage product in the future.
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
