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: Refinance
Description:
This is a $60,000 refinance loan request secured by a free-and-clear single-family home located in Lehigh Acres, Florida. The subject property is a 3-bedroom, 1-bathroom residence offering 920 square feet of living space. The primary exit strategy for the loan is repayment through cash flow from business and secondary option is to refinance into a DSCR loan if additional time is needed.
- Loan Amount: $60,000
- Date: October 2025
