Borrower requested a $195,000 loan to purchase a mid-construction single-family property in Winter Haven, Florida. Upon completion of the project, the property will feature 2 beds and 2 baths at 1,470 living square feet. The borrower additionally pledged a rental property as collateral to the loan and intends to list the new construction property upon project completion 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
