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: Refinance
Description:
Borrower requested a $200,000 refinance loan secured by a single-family residence in Tampa, Florida. Built in 1980, the property features 3 bedrooms, 2 bathrooms, and 1,562 square feet of living space situated on a 0.19-acre lot. Upon completion of the renovations, the borrower intends to refinance into a long-term DSCR loan as the exit strategy.
- Loan Amount: $200,000
- Date: August 2026
