The borrower requested a $150,000 loan to refinance a new construction single-family property in New Port Richey, Florida. The property is in the dried-in stage of construction and will feature 3 bedrooms, 2 bathrooms, 1,853 square feet of living space, a 2-car garage, and a home office. Their exit strategy for this loan 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
