This is a $600,000 refinance loan request from a repeat client secured by a commercial retail strip center located in New Port Richey, Florida. The collateral consists of a 15,420-square-foot retail plaza situated on 1.71 acres along a high-traffic commercial corridor in Pasco County. The borrower’s exit strategy consists of refinancing into longer-term financing and/or selling other commercial real estate assets within the portfolio.
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
