Address: Lake Park, FL 33403
ARV: $415,000 (As-is)
Loan Amount: $269,000.00
Loan Structure: 12 Months Interest Only
Interest Rate: 12%
LTV 65%
Borrower Profile: Experienced Investor
Work Description: investment Property
Loan Purpose: Purchase
January 13, 2025
Hard Money Loan Solutions has assisted a regional developer in acquiring this single-family residential investment property as part of their strategic development plan. The developer intends to retain the property as a rental asset for a minimum period of 24 months, after which they will be prepared to demolish the house. We have facilitated a loan with a 24-month term at an interest rate of 12%, structured as interest-only payments.
