Borrower requested a $96,000 loan to purchase an MFMH property in Dade City, Florida. The manufactured home has 3 bedrooms and 2 baths at 1,440 sq/ft on a 2.5-acre lot. The borrower plans to complete the property renovation and lease the property before refinancing 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
