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:
The borrower is requesting a $125,000 first-lien refinance secured by a vacant lakefront parcel located on Lakeside Dr.,Lutz, FL. The collateral consists of a 0.42-acre irregular-shaped unimproved lot with approximately 80 linear feet of direct frontage on a private ski lake. The borrower’s exit strategy is an o sale of the subject parcel.
- Loan Amount: $125,000
- Date: September 2026
