Address: Ocoee, FL 34761
ARV: $3,400,000 (As-is)
Loan Amount: $1,700,000.00
Loan Structure: 12 Months Interest Only
Interest Rate: 12%
LTV 50%
Borrower Profile: Business Owner
Work Description: Medical Building
Loan Purpose: Purchase
December 20, 2024
The sponsor is a passionate doctor who has been leasing the 10,034 sq ft. property for a few years now and has a lease option to buy. Recently, they were in the process of applying for an SBA loan but, unfortunately, ran out of time. The good news is, after a friendly local broker reached out to us last week, we were thrilled to fund their loan in just five days! They currently occupy half of the building and are excitedly working on renting out the other half. The purchase price for this amazing property was $3.4 million, and we were more than happy to provide them with a 50% loan based on its value at 12% interest only for twelve months.
