Address: Punta Gorda, FL 33950
ARV: $1,500,000 (As-is)
Loan Amount: $300,000.00
Loan Structure: 12 Months Interest Only
Interest Rate: 12%
LTV 30%
Borrower Profile: Experienced Investor
Loan Purpose: Cash Out
October 12, 2023
We recently facilitated a first-lien position equity cash-out loan of $300,000 for a single-family vacation property in Punta Gorda, Florida. The property was valued at $1,500,000 on Zillow, resulting in a 20% loan-to-value ratio. The borrower needed capital injection into their business
