Project Description

Inglis, Fl

Financing was provided for a busy local restaurant leased to an established, experienced operator. This property also includes 6 acres of waterfront property, and ample area to accommodate peak traffic parking requirements for loyal regulars and transients. Excellent location on North bound lane of heavily traveled US 19 in Inglis with existing driveway cut directly in front of restaurant. Borrower intends to continue to develop the property with rentals and a waterfront pavilion.

Loan Amount: $340,000
Loan To Value: 25%
Term: 1 year
Type: Cash Out Refinance