Address: Windermere, FL 34786
ARV: $15,000,000 (As-is)
Loan Amount: $6,600,000.00
Loan Structure: 12 Months Interest Only
Interest Rate: 14%
LTV: 44%
Borrower Profile: Experienced Investor
Loan Purpose: Cash Out
December 05, 2023
We recently helped facilitate a $6.6 million first-lien position equity cash-out loan for a single-family vacation property located in Windermere, Florida. The property was appraised at $15 million, resulting in a 44% combined loan-to-value ratio. The borrower required funds for a new business opportunity, and we were able to assist them by providing the necessary capital until they could sell the investment property.
