Project Description

Hudson, Fl

WLW Capital extended a commercial cash out refinance loan to borrower on a 12 acre parcel that currently features a profitable, onsite restaurant and golf range, the 20th Hole Bar & Grill, in Hudson Florida. Borrower plans to use loan proceeds to further develop the land, preparing for a large development project consisting of a 96 villa community along with amenities of a clubhouse and pool. Villa’s will hold approx. 1,100 sq/ft, 2 bedrooms, 2 baths with a garage. Borrower has extensive development experience.

Loan Amount: $730,000
Loan To Value: 62%
Term: 18 Months
Type: Cash Out Refinance