The collateral is a 1971-built, 1,068 SF concrete block stucco single-family residence featuring 2 bedrooms and 1 bathroom, situated on a 0.13-acre seawalled canal-front lot. The borrower plans to refinance as the primary exit strategy.
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
