Borrower requested a $620,000 loan to refinance a single-family residence located in Tampa. The home featured 4 bedrooms, 3 bathrooms, and 2,339 square feet of living space. The borrower has since expanded the property to 4 bedrooms, 4 bathrooms, and approximately 2,800 square feet, along with an in-ground pool. The borrower is open to multiple exit strategies, including a sale or refinance.
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
