Address: Gulf Breeze, FL 32563
ARV: $500,000 (As-is)
Loan Amount: $160,000.00
Loan Structure: 36 Months Interest Only
Interest Rate: 12%
LTV 32%
Borrower Profile: Experienced Investor
Work Description:
Loan Purpose: Cash Out
January 16, 2025
The borrower possesses full ownership of the property and conducts his real estate business from this site, which he acquired on February 8, 2012, for the sum of $269,000. Additionally, he owns several rental properties and requires immediate cash to secure another investment property. Given the understanding that this property is valued at over $500,000, particularly in light of recent sales surpassing $222 per square foot, its true potential value may be even higher. We facilitated a cash-out refinance to enable his investments so he could purchase another rental property. A 24-month term with an interest-only rate of 12% was provided.
