Address: Lake Park, Florida 33403
ARV: $430,000 (As-is)
Loan Amount: $269,000.00
Loan Structure: 12 Months Interest Only
Interest Rate: 12%
LTV 65%
Loan Purpose: Purchase
Funded January 13, 2025
HML Solutions recently funded a $269,000 bridge loan secured by a strategically located residential property tied to a larger development project, providing the borrower with the flexibility and liquidity needed to support both immediate cash flow and long term infrastructure planning. Structured at 65% loan to value, the financing allowed the developer to secure the asset while continuing to advance the broader development strategy.
The collateral consisted of a residential structure situated on a sizable parcel positioned within the path of future development. While currently leased to generate interim rental income, the long term plan for the site involves repurposing the property into a lift station intended to support the surrounding development and future infrastructure needs.
The borrower, a local developer actively involved in a larger scale project, recognized the strategic importance of controlling the property early in the development process. Due to the unique future use of the site and the need for fast execution, traditional financing sources were not structured to accommodate the borrower’s timeline and long term vision.
Through HML Solutions’ asset based lending approach, the borrower was able to quickly secure financing while maintaining income generation from the property during the interim period. The transaction highlights HML Solutions’ ability to structure flexible financing solutions for investors and developers working on non traditional projects with long term redevelopment potential.
