This is a $200,000 refinance loan request secured by a 1.18-acre vacant land parcel located in Tampa, Florida. The primary exit strategy is to proceed with vertical construction across multiple lots upon completion of plans and permit approvals, with the intention of securing construction financing.
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
