Borrower requested a $150,000 loan to purchase a 4,212 square foot commercial building located in Largo, FL. Borrower is a Church, and the church plans to remodel the building to fit their specific religious needs. Property had a roof replacement in 2017, and is zoned for retail stores.
Collateral:
Type: Refinance
Description:
This is a $60,000 refinance loan request secured by a free-and-clear single-family home located in Lehigh Acres, Florida. The subject property is a 3-bedroom, 1-bathroom residence offering 920 square feet of living space. The primary exit strategy for the loan is repayment through cash flow from business and secondary option is to refinance into a DSCR loan if additional time is needed.
- Loan Amount: $60,000
- Date: October 2025
