The collateral property is a $3,900,000 single-family rental (SFR) investment located in Coral Gables, FL. The borrower plans to use the funds to acquire this property and intends to repay the mortgage either through traditional refinancing or by selling the property. Collateral for this loan includes a recorded 1st Mortgage, Collateral Assignment of Rents and Leases, and a UCC-1 Financing Statement on the Mortgage. The borrower is a seasoned real estate investor with a substantial portfolio of several hundred residential properties across South Florida.
