This is a $200,000 fix-and-lease loan request, for the purchase and renovation of an 8-unit apartment building located in Sulphur Springs, Florida. It is a two-story structure totaling 2,716 square feet. It includes two one-bedroom, one-bathroom units and six units that are studio apartments. Upon completion of renovations, the borrower intends to either refinance the property into a DSCR loan or sell, depending on market conditions.
Collateral:
Type: Refinance
Description:
This is a $60,000 refinance loan request secured by a free-and-clear single-family home located in Lehigh Acres, Florida. The subject property is a 3-bedroom, 1-bathroom residence offering 920 square feet of living space. The primary exit strategy for the loan is repayment through cash flow from business and secondary option is to refinance into a DSCR loan if additional time is needed.
- Loan Amount: $60,000
- Date: October 2025
