Cash Out Refinance

Project Description

Tampa, FL

WLW Capital (“WLW”) provided a commercial cash out refinance to an experienced local borrower. Borrower pledged both the 1807 and 1805 N Habana Ave as collateral for the loan. This property features 2 separate structures, on 1 parcel, located in the heart of West Tampa. 1807 N Habana is a cash flowing rental property in need of improvements. 1805 N Habana Ave is a dual unit property currently under construction. Borrower is paying off a previous mortgage, and using the remaining funds to complete the improvements of both structures in preparation for a sale.

Loan Amount: $235,000
Loan To Value:  70%
Term: 1 Year
Type:  Cash Out Refinance