This is an $87,000 refinance loan request secured by a single-family home located in Sarasota, FL. The subject property features 2 bedrooms, 1 bathroom, and 616 square feet of living space. The borrower plans to refinance in a DSCR program as an exit to this 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
