Borrower requested a $310,000 loan to refinance a commercial property in Clearwater, Florida. The property was previously known as Hamburger Mary’s, a single-story restaurant/retail building with 6 baths at 7,932 sq/ft sitting on 1.93 acres. Borrower plans to use the loan proceeds to make necessary improvements to the property, to then sell as an exit to the loan.
Collateral:
Type: New Construction
Description:
Borrower requested a $110,000 loan to complete construction of a single-family property in Lehigh, Florida. The property features 4 bedrooms and 3 bathrooms, 2,152 square feet of living space, and a 2-car garage on a 0.25-acre lot. Borrower plans to lease the property for an annual rental after the renovation and refinance as an exit to the loan.
- Loan Amount: $110,000
- Date: July, 2026
