Project Description

St. Petersburg, Fl

WLW Capital (“WLW”) provided a commercial, Vacation Home Purchase Loan, on a Condo in St. Petersburg. The HOA at Hidden Lagoon has been recognized as one of Tierra Verde’s finest resort-style, gated communities, featuring 2 pools, fitness center, fishing docks, kayak launching, and their newest addition of the pickleball/tennis court. Borrower plans to sell the unit within the first year for profit, the purchase was off market.

Loan Amount: $325,500
Loan To Value: 70%
Term: 1 Year
Type: Vacation Home Purchase