Address: Vero Beach, FL 32960
ARV: $1,000,000 (As-is)
Loan Amount: $300,000.00
Loan Structure: 24 Months Interest Only
Interest Rate: 12%
LTV 30%
Loan Purpose: Cash-out refinance
Funded 03- 12- 2025
I’ve had the pleasure of working with this borrower for more than four years, and it’s been exciting to watch his business continue to grow. He owns and operates a high-end design showroom and interior design company that creates beautiful, custom spaces throughout South Florida. His attention to detail and commitment to quality have earned him a loyal clientele and a reputation for excellence.
A few years ago, he purchased this property for $800,000 and invested approximately $300,000 in extensive renovations to modernize both the interior and exterior. The result is a stylish, functional space that perfectly reflects his brand and design aesthetic.
The property is a freestanding retail building totaling 3,764 square feet, built in 1977, and situated on a 0.16-acre lot in the heart of downtown Vero Beach, close to local shops.
Now, the borrower is seeking to unlock some of the equity in this asset to fund several new projects he’s developing in the area. With proven business success, strong property fundamentals, and an established relationship, this presents a stable and attractive lending opportunity backed by both experience and real estate value.
