This request is for a $550,000 refinance loan, secured by six free-and-clear properties. The collateral includes four condominium units located on Cyprus Drive in Palm Harbor, Florida, as well as two commercial properties in Winter Haven, Florida. Condominium units features one bedroom, one bathrooms, and are approximately 675 square feet, being operated as short term rentals. Borrower aims to refinance to DSCR loans as an exit to the DKC loan.
Collateral:
Type: New Construction
Description:
This is a $480,000 new construction loan request, with $200,000 funded at closing, secured by a non-waterfront single-family-zoned lot in Redington Shores, Florida. The project will consist of a three-story, coastal-style home featuring three bedrooms, three bathrooms, approximately 2,072 heated square feet, and a two-car garage. The primary exit strategy is a retail sale.
- Loan Amount: $480,000
- Date: February 2026
