This is a $100,000 new construction loan request for a single-family property located in Port Charlotte, Florida. Upon completion, the property will feature three bedrooms, two bathrooms, and 1,046 square feet of living space on a corner lot. Borrower’s exit strategy is to sell the property.
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
