This is a $236,000 fix and flip loan request secured by a single-family property located in Tampa, Florida. Originally built in 1938, the property currently comprises 3 bedrooms, 1 bathroom, and 1,147 square feet of living area, situated on a 0.11-acre lot. Borrower exit strategy is to complete the renovation and list the property for sale.
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
