Address: Palatka, FL 32177
ARV: $100,000 (As-is)
Loan Amount: $50,000
Loan Structure: 12 Months Interest Only
Interest Rate: 13%
LTV 50%
Loan Purpose: Cash-out Refinance
Funded May 27, 2025
Located in Palatka, this residential property sits on a spacious 0.9 acre lot in a quiet, waterfront rural setting, offering privacy and long-term stability. A space with strong usability as either a primary residence or investment asset, supported by steady demand in the surrounding area. Currently listed at $278,901.
The borrower owned the property free and clear, giving him substantial untapped equity. As a business owner, he needed immediate capital to purchase essential medical equipment critical to expanding and sustaining his operations. Traditional financing options would have delayed his timeline, putting business growth at risk.
HML Solutions stepped in with a fast and flexible solution, structuring a $50,000 loan at 50% LTV of the as is value. By leveraging the strength of the asset, we were able to provide quick liquidity without requiring extensive documentation or disrupting ownership.
Our streamlined process allowed the borrower to access funds rapidly, secure the equipment needed, and continue growing his business – demonstrating how real estate equity can be a powerful tool to support operational success.
