Project Description

Port Charlotte, FL

WLW Capital (“WLW”) provided a $30,000 commercial loan to borrower to purchase a waterfront, vacant lot in Port Charlotte, Fl. Borrower owns adjacent lot, appraised at $435,000 in which a 2nd position mortgage was added to further collateralize the loan. Borrower plans to build on the land.

Loan Amount: $300,000
Loan To Value: 37%
Term: 1 year
Type: Fix and Lease