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: 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
