Refinance Bridge Loan for SFR in St. Petersburg Beach, Florida

Funded by Yieldi LLC


Deal Details

Private Loan Type


Approx. Funding Date


Property Type
Single Family Residence
Property City

St. Petersburg Beach

Property State


Loan Term (months)


Lien Type

1st Mortgage

Payment Type

Interest Only

Property Value


Property Condition

Newly Renovated

Exit Strategy

Conventional Loan

Borrower Credit Rating


Deal Summary

Yieldi, a direct lender for investment properties nationwide, funded a $1,800,000 1st lien position bridge loan secured by a single-family home in St. Petersburg Beach, Florida. The property value was estimated at $3,100,000 so our loan-to-value was 57%. This is a fully remodeled 4-bedroom, 3-bathroom home in a fantasy-like location overlooking Boca Ciega Bay and downtown St. Petersburg in the distance. The remodel included the bathrooms, kitchen, and two balconies providing additional access to the breathtaking views. A new paver driveway, new roof, 4 HVAC systems, and a new sea wall were also included in the remodel. An in-ground pool is to be installed in the rear yard along with new hardscape and entertaining areas. The Borrower had good credit. They plan to refinance with a conventional loan as an exit strategy. The interest rate was 13.5%. The loan term was set at 12 months. This SFR refinance bridge loan was funded in June 2023.

Funded By

Yieldi LLC

Direct Lender for Investment Properties - Bridge, Rehab, Construction